Molina Healthcare, Inc. (NYSE:MOH) Holdings Boosted by JLB & Associates Inc.

JLB & Associates Inc. grew its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 3.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,590 shares of the company’s stock after purchasing an additional 317 shares during the period. JLB & Associates Inc.’s holdings in Molina Healthcare were worth $3,082,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MOH. True Wealth Design LLC raised its position in Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after buying an additional 100 shares during the period. Versant Capital Management Inc increased its holdings in shares of Molina Healthcare by 83.1% in 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 during the period. Wingate Wealth Advisors Inc. purchased a new stake in shares of Molina Healthcare in the fourth quarter worth approximately $52,000. Financial Perspectives Inc acquired a new stake in shares of Molina Healthcare during the fourth quarter worth approximately $59,000. Finally, Capital Performance Advisors LLP purchased a new position in Molina Healthcare during the third quarter valued at approximately $62,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. Wells Fargo & Company increased their price objective on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Truist Financial lowered their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays cut their price target on 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. Finally, JPMorgan Chase & Co. reiterated 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. One equities research analyst has rated the stock with a sell rating, seven have given 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $353.17.

Molina Healthcare Stock Up 1.7 %

Shares of MOH stock opened at $291.71 on Friday. The stock’s 50 day simple moving average is $293.60 and its 200 day simple moving average is $314.85. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 1.05 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts predict that Molina Healthcare, Inc. will post 24.37 EPS for the current year.

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.