Natixis Advisors LLC Grows Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Natixis Advisors LLC grew its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,928 shares of the company's stock after acquiring an additional 1,881 shares during the period. Natixis Advisors LLC owned 0.05% of Molina Healthcare worth $8,711,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MOH. True Wealth Design LLC raised its holdings in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc raised its stake in 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 during the period. Wingate Wealth Advisors Inc. bought a new position in Molina Healthcare in the fourth quarter worth approximately $52,000. EverSource Wealth Advisors LLC grew its stake in Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock valued at $57,000 after acquiring an additional 88 shares during the period. Finally, Financial Perspectives Inc acquired a new stake in Molina Healthcare in the fourth quarter valued at approximately $59,000. 98.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MOH. Mizuho cut their target price on Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Stephens reiterated an "equal weight" rating and set a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Truist Financial lowered their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $355.69.

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Molina Healthcare Stock Performance

Shares of Molina Healthcare stock traded down $2.10 during trading hours on Tuesday, hitting $310.55. 358,458 shares of the company's stock traded hands, compared to its average volume of 612,744. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $423.92. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The company has a fifty day simple moving average of $300.36 and a 200-day simple moving average of $309.09.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (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%. Equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insider Activity

In related news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

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.