Banque Cantonale Vaudoise increased its holdings in shares of Molina Healthcare, Inc (NYSE:MOH – Free Report) by 462.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,392 shares of the company’s stock after acquiring an additional 3,611 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Molina Healthcare were worth $840,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Baird Financial Group Inc. bought a new stake in shares of Molina Healthcare during the 1st quarter worth $210,000. NewEdge Advisors LLC boosted its holdings in shares of Molina Healthcare by 33.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,106 shares of the company’s stock worth $364,000 after buying an additional 277 shares during the last quarter. Jones Financial Companies Lllp grew its position in Molina Healthcare by 713.3% during the first quarter. Jones Financial Companies Lllp now owns 1,651 shares of the company’s stock valued at $544,000 after buying an additional 1,448 shares during the period. Goldman Sachs Group Inc. grew its position in Molina Healthcare by 19.4% during the first quarter. Goldman Sachs Group Inc. now owns 249,466 shares of the company’s stock valued at $82,172,000 after buying an additional 40,531 shares during the period. Finally, Woodline Partners LP purchased a new stake in Molina Healthcare during the first quarter worth about $1,541,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.
Molina Healthcare Price Performance
NYSE MOH opened at $149.27 on Friday. The company has a market cap of $7.69 billion, a PE ratio of 17.44 and a beta of 0.52. Molina Healthcare, Inc has a 52 week low of $121.06 and a 52 week high of $359.97. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.97. The firm’s 50-day simple moving average is $164.22 and its two-hundred day simple moving average is $167.35.
Analyst Upgrades and Downgrades
Several brokerages have commented on MOH. Truist Financial lowered their price objective on shares of Molina Healthcare from $190.00 to $145.00 and set a “hold” rating on the stock in a research report on Tuesday, February 17th. Mizuho reduced their target price on shares of Molina Healthcare from $220.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday. Cantor Fitzgerald decreased their price target on shares of Molina Healthcare from $180.00 to $144.00 and set a “neutral” rating for the company in a research note on Monday, February 9th. Barclays lowered their price target on shares of Molina Healthcare from $164.00 to $133.00 and set an “underweight” rating on the stock in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group dropped their price objective on Molina Healthcare from $167.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Molina Healthcare has a consensus rating of “Hold” and an average price target of $153.29.
View Our Latest Stock Report on Molina Healthcare
Molina Healthcare Profile
Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.
The company traces its roots to the early 1980s, when Dr.
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