Overbrook Management Corp Sells 18,415 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Overbrook Management Corp trimmed its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 63.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,739 shares of the company's stock after selling 18,415 shares during the quarter. Molina Healthcare accounts for about 0.7% of Overbrook Management Corp's investment portfolio, making the stock its 29th biggest position. Overbrook Management Corp's holdings in Molina Healthcare were worth $3,126,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MOH. True Wealth Design LLC boosted its holdings in Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock worth $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after purchasing an additional 74 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Molina Healthcare during the 3rd quarter worth $62,000. UMB Bank n.a. boosted its holdings in shares of Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company's stock valued at $71,000 after acquiring an additional 101 shares during the period. Finally, AM Squared Ltd grew its position in shares of Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company's stock worth $103,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Molina Healthcare Trading Up 1.3 %

Shares of NYSE:MOH traded up $3.76 during mid-day trading on Monday, hitting $286.36. The stock had a trading volume of 838,441 shares, compared to its average volume of 426,981. The company has a market cap of $16.38 billion, a PE ratio of 14.54, a P/E/G ratio of 0.89 and a beta of 0.54. The company's 50 day moving average is $296.84 and its 200-day moving average is $317.13. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company had revenue of $10.34 billion for the quarter, compared to analysts' expectations of $9.92 billion. During the same quarter in the previous year, the business posted $5.05 EPS. The business's revenue for the quarter was up 21.0% on a year-over-year basis. On average, sell-side analysts predict that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Analysts Set New Price Targets

MOH has been the subject of several recent analyst reports. Barclays upped their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Robert W. Baird lowered their target price on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, Truist Financial lowered their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $359.18.

Molina Healthcare Company 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.