Avantax Advisory Services Inc. Has $503,000 Stock Position in Molina Healthcare, Inc (NYSE:MOH)

Avantax Advisory Services Inc. increased its position in Molina Healthcare, Inc (NYSE:MOH) by 7.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,528 shares of the company’s stock after buying an additional 112 shares during the period. Avantax Advisory Services Inc.’s holdings in Molina Healthcare were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Molina Healthcare by 31.1% in the 4th quarter. FMR LLC now owns 1,801,113 shares of the company’s stock worth $524,214,000 after acquiring an additional 427,276 shares during the last quarter. Invesco Ltd. raised its stake in shares of Molina Healthcare by 28.5% in the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock worth $386,229,000 after purchasing an additional 294,180 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Molina Healthcare by 15.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company’s stock valued at $200,307,000 after purchasing an additional 91,229 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Molina Healthcare by 74,593.7% during the first quarter. GAMMA Investing LLC now owns 667,015 shares of the company’s stock valued at $219,708,000 after buying an additional 666,122 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Molina Healthcare by 19.6% during the fourth quarter. AQR Capital Management LLC now owns 620,294 shares of the company’s stock valued at $180,537,000 after buying an additional 101,630 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Mizuho dropped their price target on shares of Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, July 11th. Truist Financial reissued a “hold” rating and set a $180.00 target price (down previously from $335.00) on shares of Molina Healthcare in a research report on Friday, July 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 target price (down from $312.00) on shares of Molina Healthcare in a report on Friday, July 25th. Guggenheim started coverage on Molina Healthcare in a research report on Wednesday, April 9th. They set a “neutral” rating for the company. Finally, Wall Street Zen cut Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Molina Healthcare currently has a consensus rating of “Hold” and a consensus price target of $244.55.

Molina Healthcare Trading Down 1.8%

Shares of MOH opened at $155.34 on Wednesday. The stock has a market capitalization of $8.42 billion, a P/E ratio of 7.66 and a beta of 0.52. Molina Healthcare, Inc has a twelve month low of $152.13 and a twelve month high of $365.23. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. The firm has a fifty day simple moving average of $245.64 and a two-hundred day simple moving average of $289.80.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $5.48 EPS for the quarter, missing analysts’ consensus estimates of $5.50 by ($0.02). Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The business had revenue of $11.43 billion for the quarter, compared to the consensus estimate of $10.94 billion. During the same period in the previous year, the company earned $5.86 EPS. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, research analysts anticipate that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Molina Healthcare 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.