Washington Capital Management Inc. Invests $335,000 in Molina Healthcare, Inc. (NYSE:MOH)

Washington Capital Management Inc. acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,150 shares of the company's stock, valued at approximately $335,000.

Several other institutional investors and hedge funds have also modified their holdings of MOH. WCM Investment Management LLC grew its holdings in Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company's stock valued at $369,000 after purchasing an additional 36 shares during the period. Metis Global Partners LLC boosted its stake in Molina Healthcare by 1.4% during the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company's stock worth $960,000 after buying an additional 39 shares during the period. Caprock Group LLC raised its position in Molina Healthcare by 3.3% in the third quarter. Caprock Group LLC now owns 1,460 shares of the company's stock valued at $503,000 after purchasing an additional 47 shares during the period. Bank of Hawaii boosted its holdings in shares of Molina Healthcare by 4.6% in the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company's stock valued at $422,000 after buying an additional 54 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its stake in Molina Healthcare by 1.3% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company's stock worth $1,526,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Molina Healthcare Price Performance

Shares of NYSE MOH traded up $8.47 during midday trading on Thursday, reaching $312.75. 151,880 shares of the company were exchanged, compared to its average volume of 527,046. The stock's 50-day moving average price is $296.71 and its 200-day moving average price is $317.57. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The stock has a market cap of $17.89 billion, a P/E ratio of 15.89, a PEG ratio of 0.94 and a beta of 0.54.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Robert W. Baird dropped their price target on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Cantor Fitzgerald reissued an "overweight" rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. JPMorgan Chase & Co. restated a "neutral" rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Truist Financial dropped their price target on Molina Healthcare from $400.00 to $370.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Finally, StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare has an average rating of "Hold" and an average price target of $359.18.

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.