Valeo Financial Advisors LLC Acquires New Position in Molina Healthcare, Inc. (NYSE:MOH)

Valeo Financial Advisors LLC acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,181 shares of the company's stock, valued at approximately $344,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MOH. Creative Planning raised its position in shares of Molina Healthcare by 2.7% during the 3rd quarter. Creative Planning now owns 8,454 shares of the company's stock valued at $2,913,000 after purchasing an additional 226 shares during the period. Bleakley Financial Group LLC raised its position in shares of Molina Healthcare by 26.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 888 shares of the company's stock valued at $306,000 after purchasing an additional 183 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Molina Healthcare by 1.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,942 shares of the company's stock valued at $2,047,000 after purchasing an additional 61 shares during the period. Blue Trust Inc. raised its position in shares of Molina Healthcare by 84.9% during the 3rd quarter. Blue Trust Inc. now owns 479 shares of the company's stock valued at $165,000 after purchasing an additional 220 shares during the period. Finally, Raymond James & Associates raised its position in shares of Molina Healthcare by 59.9% during the 3rd quarter. Raymond James & Associates now owns 42,298 shares of the company's stock valued at $14,574,000 after purchasing an additional 15,840 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Trading Down 2.6 %

Shares of MOH stock traded down $7.57 during trading hours on Friday, reaching $283.89. 1,063,437 shares of the stock were exchanged, compared to its average volume of 698,492. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $423.92. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company's 50-day moving average price is $293.21 and its 200-day moving average price is $314.41. The firm has a market capitalization of $15.76 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results 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%. As a group, equities analysts anticipate that Molina Healthcare, Inc. will post 24.37 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on MOH. Truist Financial decreased their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating on the stock in a research report on Wednesday. Robert W. Baird reduced their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. UBS Group reduced their price target 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. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $353.17.

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.