Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its stake in Molina Healthcare, Inc. (NYSE:MOH) by 482.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 297 shares of the company’s stock after buying an additional 246 shares during the quarter. Venturi Wealth Management LLC’s holdings in Molina Healthcare were worth $86,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of MOH. True Wealth Design LLC increased its stake in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares during the period. Versant Capital Management Inc increased its position in shares of Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in shares of Molina Healthcare during the fourth quarter worth about $52,000. Capital Performance Advisors LLP acquired a new position in shares of Molina Healthcare in the third quarter worth about $62,000. Finally, AM Squared Ltd boosted its holdings in Molina Healthcare by 50.0% in the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock valued at $103,000 after purchasing an additional 100 shares during the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MOH has been the topic of several analyst reports. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Barclays reduced their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company upped their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, UBS Group decreased their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Molina Healthcare currently has a consensus rating of “Hold” and an average price target of $353.17.

Molina Healthcare Stock Down 2.6 %

Shares of Molina Healthcare stock opened at $283.89 on Monday. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.06 and a beta of 0.54. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The business’s 50 day simple moving average is $293.21 and its 200-day simple moving average is $314.10.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Equities research analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share 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.