Capital World Investors Increases Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Capital World Investors boosted its stake in shares of Molina Healthcare, Inc. (NYSE:MOHGet Rating) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,399,092 shares of the company’s stock after buying an additional 60,066 shares during the period. Capital World Investors owned 9.20% of Molina Healthcare worth $1,801,083,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Commerce Bank lifted its holdings in Molina Healthcare by 1.1% during the fourth quarter. Commerce Bank now owns 3,624 shares of the company’s stock worth $1,153,000 after buying an additional 40 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Molina Healthcare by 123.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 76 shares of the company’s stock worth $25,000 after purchasing an additional 42 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Molina Healthcare by 1.2% during the fourth quarter. HighTower Advisors LLC now owns 4,159 shares of the company’s stock worth $1,325,000 after purchasing an additional 49 shares in the last quarter. BOKF NA increased its position in shares of Molina Healthcare by 0.7% during the fourth quarter. BOKF NA now owns 7,891 shares of the company’s stock worth $2,510,000 after purchasing an additional 52 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Molina Healthcare by 4.1% during the first quarter. M&T Bank Corp now owns 1,526 shares of the company’s stock worth $509,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 95.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MOH. Loop Capital began coverage on Molina Healthcare in a research report on Thursday, June 16th. They set a “hold” rating and a $310.00 price target on the stock. Bank of America downgraded Molina Healthcare from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $355.00 to $335.00 in a research report on Thursday, May 26th. Wells Fargo & Company upped their price target on Molina Healthcare from $307.00 to $345.00 and gave the stock an “underweight” rating in a research report on Friday, August 26th. Deutsche Bank Aktiengesellschaft upped their target price on Molina Healthcare from $311.00 to $315.00 in a research report on Monday, August 1st. Finally, Credit Suisse Group set a $321.00 target price on Molina Healthcare in a research report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Molina Healthcare currently has a consensus rating of “Moderate Buy” and an average price target of $344.14.

Insider Transactions at Molina Healthcare

In other news, Director Ronna Romney sold 150 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $354.29, for a total transaction of $53,143.50. Following the sale, the director now directly owns 16,501 shares of the company’s stock, valued at approximately $5,846,139.29. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Dale B. Wolf sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $327.99, for a total value of $655,980.00. Following the transaction, the director now directly owns 11,824 shares of the company’s stock, valued at approximately $3,878,153.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronna Romney sold 150 shares of the firm’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $354.29, for a total transaction of $53,143.50. Following the completion of the transaction, the director now directly owns 16,501 shares in the company, valued at $5,846,139.29. The disclosure for this sale can be found here. Insiders have sold a total of 57,456 shares of company stock valued at $19,253,691 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Molina Healthcare Price Performance

NYSE:MOH opened at $336.09 on Thursday. Molina Healthcare, Inc. has a one year low of $249.78 and a one year high of $361.25. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $19.53 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.18 and a beta of 0.83. The firm’s fifty day moving average is $322.04 and its two-hundred day moving average is $312.59.

Molina Healthcare (NYSE:MOHGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $4.55 EPS for the quarter, beating the consensus estimate of $4.34 by $0.21. Molina Healthcare had a net margin of 2.48% and a return on equity of 32.97%. The company had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.69 billion. During the same period in the prior year, the company earned $3.40 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. Research analysts expect that Molina Healthcare, Inc. will post 17.66 EPS for the current year.

About Molina Healthcare

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Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

Further Reading

Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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