Capital World Investors boosted its stake in shares of Molina Healthcare, Inc. (NYSE:MOH – Get 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
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:MOH – Get 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
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.
- Get a free copy of the StockNews.com research report on Molina Healthcare (MOH)
- Is This Medical Gear Maker Ready To Continue Its Rally?
- The Five (5) Hottest Stocks To Watch Ahead Of Q3 Earnings
- Has Take-Two Interactive Devolved into a One-Trick Pony?
- Can Health Drink Maker Celsius Outrun Its Monster Rival?
- Four Cheap Stocks With Interesting Insider Activity
Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.