Mirae Asset Global Investments Co. Ltd. Increases Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Mirae Asset Global Investments Co. Ltd. raised its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 29.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,545 shares of the company's stock after acquiring an additional 1,506 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Molina Healthcare were worth $1,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its holdings in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after buying an additional 74 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Molina Healthcare during the 3rd quarter worth $62,000. UMB Bank n.a. raised its holdings in shares of Molina Healthcare by 96.2% during the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after buying an additional 101 shares in the last quarter. Finally, AM Squared Ltd raised its holdings in shares of Molina Healthcare by 50.0% during the 3rd quarter. AM Squared Ltd now owns 300 shares of the company's stock worth $103,000 after buying an additional 100 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

Molina Healthcare stock traded up $1.61 during mid-day trading on Friday, reaching $272.28. 640,907 shares of the company's stock were exchanged, compared to its average volume of 651,934. The business's fifty day simple moving average is $295.26 and its 200 day simple moving average is $316.72. The firm has a market capitalization of $15.57 billion, a PE ratio of 13.33, a P/E/G ratio of 0.94 and a beta of 0.54. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. The company has a quick ratio of 1.55, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, sell-side analysts expect that Molina Healthcare, Inc. will post 24.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MOH shares. Truist Financial lowered their price target on Molina Healthcare from $400.00 to $370.00 and set a "buy" rating for the company in a report on Monday, January 6th. Wells Fargo & Company increased their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Robert W. Baird dropped their target price on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, StockNews.com downgraded Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $355.67.

Molina Healthcare Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.