Proficio Capital Partners LLC acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 89,643 shares of the company's stock, valued at approximately $26,091,000. Proficio Capital Partners LLC owned about 0.16% of Molina Healthcare as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in MOH. M&T Bank Corp boosted its stake in shares of Molina Healthcare by 29.9% in the 4th quarter. M&T Bank Corp now owns 7,187 shares of the company's stock valued at $2,091,000 after purchasing an additional 1,656 shares during the last quarter. Wealth Advisory Solutions LLC bought a new position in shares of Molina Healthcare in the 4th quarter valued at about $321,000. Victory Capital Management Inc. boosted its stake in shares of Molina Healthcare by 48.9% in the 4th quarter. Victory Capital Management Inc. now owns 141,184 shares of the company's stock valued at $41,092,000 after purchasing an additional 46,350 shares during the last quarter. Cornerstone Investment Partners LLC boosted its stake in shares of Molina Healthcare by 4.1% in the 4th quarter. Cornerstone Investment Partners LLC now owns 1,940 shares of the company's stock valued at $565,000 after purchasing an additional 76 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Molina Healthcare by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 400,080 shares of the company's stock valued at $116,443,000 after purchasing an additional 10,002 shares during the last quarter. Institutional investors own 98.50% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. StockNews.com lowered shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. UBS Group dropped their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. Mizuho dropped their target price on shares of Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Barclays lowered their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Finally, Truist Financial lowered their price objective 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Molina Healthcare currently has an average rating of "Hold" and a consensus target price of $355.69.
Check Out Our Latest Research Report on Molina Healthcare
Insider Activity
In other news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares of the company's stock, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.
Molina Healthcare Stock Performance
MOH stock traded up $1.00 during midday trading on Tuesday, reaching $316.97. 400,888 shares of the company were exchanged, compared to its average volume of 606,787. 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 business has a 50-day moving average price of $298.06 and a two-hundred day moving average price of $310.37. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. The firm has a market capitalization of $17.59 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56.
Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.
About Molina Healthcare
(
Free Report)
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.
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