AlphaQuest LLC Acquires New Stake in Molina Healthcare, Inc. (NYSE:MOH)

AlphaQuest LLC acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) in the fourth quarter, Holdings Channel reports. The firm acquired 791 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds have also added to or reduced their stakes in the stock. True Wealth Design LLC raised its position in shares of Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc increased its stake in Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Molina Healthcare in the fourth quarter worth about $52,000. Financial Perspectives Inc bought a new position in shares of Molina Healthcare in the fourth quarter worth approximately $59,000. Finally, Lindbrook Capital LLC grew its holdings in shares of Molina Healthcare by 38.5% during the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock valued at $60,000 after buying an additional 57 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now directly owns 17,375 shares in the company, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.11% of the stock is owned by company insiders.

Molina Healthcare Trading Down 0.8 %

NYSE:MOH opened at $308.51 on Friday. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. The business has a fifty day moving average price of $298.06 and a 200-day moving average price of $310.66. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data 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 return on equity of 28.13% and a net margin of 2.90%. Sell-side analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MOH. Barclays lowered their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Truist Financial lowered their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Mizuho reduced their price objective on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $355.69.

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.