Molina Healthcare, Inc. (NYSE:MOH) Stock Position Lifted by Entropy Technologies LP

Entropy Technologies LP lifted its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 58.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,594 shares of the company’s stock after acquiring an additional 1,688 shares during the quarter. Entropy Technologies LP’s holdings in Molina Healthcare were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its stake in Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after buying an additional 300 shares during the last quarter. CWM LLC grew its position in shares of Molina Healthcare by 76.2% during the third quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after acquiring an additional 1,730 shares during the last quarter. Tributary Capital Management LLC increased its holdings in shares of Molina Healthcare by 76.1% in the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock worth $1,219,000 after acquiring an additional 1,811 shares during the period. Everence Capital Management Inc. bought a new stake in Molina Healthcare in the 4th quarter valued at about $544,000. Finally, SYM FINANCIAL Corp acquired a new position in Molina Healthcare during the 4th quarter valued at about $249,000. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Performance

NYSE:MOH opened at $286.20 on Tuesday. The company has a 50-day moving average of $297.96 and a 200-day moving average of $318.27. The firm has a market cap of $16.37 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. The company has a current ratio of 1.62, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92.

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 analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Analysts forecast that Molina Healthcare, Inc. will post 24.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MOH has been the topic of several analyst reports. Stephens restated an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. Truist Financial lowered their target price on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company boosted their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird lowered their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $355.67.

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.