Proficio Capital Partners LLC Makes New Investment in Molina Healthcare, Inc. (NYSE:MOH)

Proficio Capital Partners LLC acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 89,643 shares of the company’s stock, valued at approximately $26,091,000.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of Molina Healthcare by 0.5% during the third quarter. State Street Corp now owns 2,614,311 shares of the company’s stock worth $900,787,000 after purchasing an additional 13,001 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Molina Healthcare by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock worth $134,405,000 after buying an additional 10,030 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Molina Healthcare by 166.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock worth $57,195,000 after buying an additional 122,674 shares during the last quarter. Swiss National Bank grew its holdings in shares of Molina Healthcare by 0.3% during the third quarter. Swiss National Bank now owns 173,900 shares of the company’s stock worth $59,919,000 after buying an additional 500 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Molina Healthcare by 2.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,573 shares of the company’s stock valued at $43,533,000 after acquiring an additional 3,238 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MOH. Truist Financial reduced their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Barclays lowered their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. UBS Group lowered their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Wells Fargo & Company boosted their price objective 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, StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Molina Healthcare has a consensus rating of “Hold” and an average target price of $353.17.

Molina Healthcare Trading Up 2.9 %

Shares of NYSE MOH opened at $301.45 on Friday. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92. The company has a market cap of $16.73 billion, a PE ratio of 14.76, a P/E/G ratio of 1.06 and a beta of 0.54. 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 company has a 50-day moving average of $293.12 and a two-hundred day moving average of $313.19.

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

About Molina Healthcare

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.