Tobam Purchases 885 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Tobam increased its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 58.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,392 shares of the company's stock after purchasing an additional 885 shares during the quarter. Tobam's holdings in Molina Healthcare were worth $696,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MOH. Marshall Wace LLP acquired a new stake in Molina Healthcare in the second quarter valued at about $416,000. Algert Global LLC bought a new position in Molina Healthcare in the 2nd quarter valued at approximately $211,000. Sanctuary Advisors LLC acquired a new stake in Molina Healthcare in the second quarter valued at approximately $1,077,000. Czech National Bank grew its stake in shares of Molina Healthcare by 6.9% during the third quarter. Czech National Bank now owns 11,937 shares of the company's stock worth $4,113,000 after buying an additional 771 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Molina Healthcare by 59.2% during the third quarter. GAMMA Investing LLC now owns 543 shares of the company's stock worth $187,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Molina Healthcare Stock Down 3.7 %

Shares of Molina Healthcare stock traded down $10.58 on Tuesday, hitting $275.84. The company had a trading volume of 368,803 shares, compared to its average volume of 619,782. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.62. The stock has a 50 day moving average of $297.96 and a 200-day moving average of $318.27. The stock has a market capitalization of $15.78 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 0.94 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share 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, sell-side analysts forecast that Molina Healthcare, Inc. will post 24.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MOH shares. Wells Fargo & Company raised their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. UBS Group decreased their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research report on Friday. Truist Financial cut their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Barclays cut their target price on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, StockNews.com downgraded Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $355.67.

About Molina Healthcare

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.