Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Royce & Associates LP

Royce & Associates LP raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 15.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,654 shares of the company’s stock after buying an additional 4,787 shares during the period. Royce & Associates LP owned about 0.06% of Molina Healthcare worth $10,377,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC boosted its holdings in shares of Molina Healthcare by 166.1% in 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 period. Proficio Capital Partners LLC acquired a new position in Molina Healthcare in the 4th quarter worth approximately $26,091,000. Victory Capital Management Inc. grew its position in Molina Healthcare by 48.9% during the 4th quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock worth $41,092,000 after purchasing an additional 46,350 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Molina Healthcare during the 4th quarter valued at $10,725,000. Finally, NFJ Investment Group LLC purchased a new stake in shares of Molina Healthcare in the third quarter valued at $7,432,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business’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 completion of the transaction, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $316.70 on Tuesday. The stock has a market capitalization of $17.58 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.06 and a beta of 0.56. The business has a 50-day moving average of $298.06 and a two-hundred day moving average of $310.37. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $423.92. 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 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%. On average, equities research analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MOH has been the topic of several recent analyst reports. Truist Financial dropped their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Barclays decreased their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Stephens reiterated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.