Wingate Wealth Advisors Inc. Purchases New Shares in Molina Healthcare, Inc. (NYSE:MOH)

Wingate Wealth Advisors Inc. purchased a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 178 shares of the company’s stock, valued at approximately $52,000.

A number of other large investors have also added to or reduced their stakes in MOH. True Wealth Design LLC raised its stake 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 last quarter. Versant Capital Management Inc raised its stake in Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after buying an additional 74 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Molina Healthcare during the third quarter valued at $62,000. UMB Bank n.a. raised its stake in Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after buying an additional 101 shares during the last quarter. Finally, AM Squared Ltd raised its stake in Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock valued at $103,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 0.8 %

MOH stock opened at $286.20 on Tuesday. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The business’s 50-day moving average is $297.96 and its two-hundred day moving average is $318.27. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.62. The company has a market cap of $16.37 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.94 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last posted 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 net margin of 2.90% and a return on equity of 28.13%. As a group, analysts forecast that Molina Healthcare, Inc. will post 24.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on MOH shares. Barclays lowered their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Truist Financial decreased 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. 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. Finally, Robert W. Baird decreased their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $355.67.

About Molina Healthcare

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.