Molina Healthcare, Inc. (NYSE:MOH) Stake Boosted by Empirical Finance LLC

Empirical Finance LLC raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 53.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,632 shares of the company’s stock after purchasing an additional 1,621 shares during the period. Empirical Finance LLC’s holdings in Molina Healthcare were worth $1,348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Waldron Private Wealth LLC grew its holdings in shares of Molina Healthcare by 4.7% during the fourth 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 stake in Molina Healthcare by 3.4% in the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock worth $369,000 after acquiring an additional 36 shares in the last quarter. Metis Global Partners LLC boosted its position in Molina Healthcare by 1.4% during the 3rd 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 stake in Molina Healthcare by 3.3% during the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after acquiring an additional 47 shares in the last quarter. Finally, Bank of Hawaii increased its holdings in shares of Molina Healthcare by 4.6% in 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 owned by institutional investors and hedge funds.

Molina Healthcare Trading Down 0.4 %

Shares of MOH stock opened at $283.92 on Monday. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The company has a market cap of $16.24 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $298.27 and its two-hundred day moving average is $318.54.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (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%. Equities analysts predict that Molina Healthcare, Inc. will post 24.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MOH. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. Barclays lowered their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Truist Financial cut their price target on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and an average 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.