Tealwood Asset Management Inc. Purchases 75 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Tealwood Asset Management Inc. raised its position in Molina Healthcare, Inc. (NYSE:MOH) by 1.7% in the 4th quarter, Holdings Channel reports. The firm owned 4,612 shares of the company’s stock after buying an additional 75 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Molina Healthcare were worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC grew 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 worth $36,000 after buying an additional 100 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Molina Healthcare during the 2nd quarter valued at about $40,000. Versant Capital Management Inc grew its holdings in shares of Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after purchasing an additional 74 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Molina Healthcare in the third quarter worth approximately $62,000. Finally, UMB Bank n.a. raised its stake in Molina Healthcare by 96.2% in the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. Robert W. Baird cut their target price 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. Finally, Wells Fargo & Company lifted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $359.18.

Molina Healthcare Price Performance

MOH stock opened at $294.53 on Tuesday. The stock has a market capitalization of $16.85 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 1.04 and a beta of 0.54. The firm’s 50-day moving average price is $301.10 and its two-hundred day moving average price is $317.38. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter in the previous year, the business earned $5.05 EPS. Molina Healthcare’s revenue was up 21.0% compared to the same quarter last year. As a group, equities analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

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.