SRS Capital Advisors Inc. Grows Holdings in Molina Healthcare, Inc. (NYSE:MOH)

SRS Capital Advisors Inc. raised its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 300.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 593 shares of the company’s stock after purchasing an additional 445 shares during the period. SRS Capital Advisors Inc.’s holdings in Molina Healthcare were worth $173,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Waldron Private Wealth LLC lifted its stake in shares of Molina Healthcare by 4.7% during the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after buying an additional 33 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after acquiring an additional 36 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Molina Healthcare by 1.4% in the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock worth $960,000 after acquiring an additional 39 shares during the period. Caprock Group LLC grew its position in shares of Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after purchasing an additional 47 shares in the last quarter. Finally, Bank of Hawaii raised its stake in Molina Healthcare by 4.6% during the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock valued at $422,000 after purchasing an additional 54 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $295.00 to $372.00 in a research note on Wednesday. Truist Financial cut their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. UBS Group decreased their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.69.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock opened at $312.05 on Thursday. The stock has a market cap of $17.32 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. 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 stock has a 50 day moving average price of $293.65 and a 200-day moving average price of $311.96. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92.

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%. Equities analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insider Activity at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

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.