EverSource Wealth Advisors LLC Acquires 88 Shares of Molina Healthcare, Inc. (NYSE:MOH)

EverSource Wealth Advisors LLC increased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 81.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196 shares of the company’s stock after purchasing an additional 88 shares during the period. EverSource Wealth Advisors LLC’s holdings in Molina Healthcare were worth $57,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its holdings in Molina Healthcare by 28.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,532 shares of the company’s stock valued at $446,000 after acquiring an additional 337 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Molina Healthcare by 25.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 26,307 shares of the company’s stock valued at $7,657,000 after acquiring an additional 5,282 shares during the period. Moran Wealth Management LLC boosted its holdings in Molina Healthcare by 1.1% during the fourth quarter. Moran Wealth Management LLC now owns 62,896 shares of the company’s stock valued at $18,306,000 after acquiring an additional 675 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Molina Healthcare by 3.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,505 shares of the company’s stock valued at $5,968,000 after acquiring an additional 777 shares during the period. Finally, AlphaQuest LLC bought a new stake in Molina Healthcare during the fourth quarter valued at about $230,000. 98.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MOH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Truist Financial cut their price objective 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. Mizuho cut their price objective on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Barclays cut their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, Stephens reaffirmed an “equal weight” rating and set a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Molina Healthcare presently has an average rating of “Hold” and an average target price of $355.69.

Molina Healthcare Stock Performance

NYSE:MOH opened at $314.66 on Thursday. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $423.92. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $17.46 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The firm has a 50-day moving average price of $298.86 and a 200 day moving average price of $309.90.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data 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%. Research analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Company 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.