Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 149,573 shares of the company's stock after purchasing an additional 3,238 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Molina Healthcare worth $43,533,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of 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 during the last quarter. Versant Capital Management Inc raised its holdings in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after acquiring an additional 74 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Molina Healthcare in the 3rd quarter valued at about $62,000. UMB Bank n.a. raised its holdings in Molina Healthcare by 96.2% in the 3rd 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 last quarter. Finally, AM Squared Ltd raised its holdings in Molina Healthcare by 50.0% in the 3rd quarter. AM Squared Ltd now owns 300 shares of the company's stock valued at $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.
Analyst Ratings Changes
A number of analysts have commented on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. StockNews.com downgraded shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 8th. UBS Group cut their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a report on Friday, February 7th. Wells Fargo & Company raised their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Finally, Truist Financial cut their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a "buy" rating for the company in a report on Monday, January 6th. One equities research 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's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $355.67.
Check Out Our Latest Research Report on Molina Healthcare
Molina Healthcare Stock Up 0.6 %
MOH stock traded up $1.61 during midday trading on Friday, hitting $272.28. The company's stock had a trading volume of 640,907 shares, compared to its average volume of 651,934. 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, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The firm has a market capitalization of $15.57 billion, a P/E ratio of 13.33, a PEG ratio of 0.94 and a beta of 0.54. The firm has a 50-day simple moving average of $295.26 and a 200-day simple moving average of $316.72.
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 the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, equities analysts forecast that Molina Healthcare, Inc. will post 24.5 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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