Molina Healthcare, Inc. (NYSE:MOH) Position Increased by Empowered Funds LLC

Empowered Funds LLC increased its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 22.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,900 shares of the company’s stock after acquiring an additional 12,251 shares during the period. Empowered Funds LLC’s holdings in Molina Healthcare were worth $19,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC raised its holdings in shares of 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 acquiring an additional 100 shares in the last quarter. Versant Capital Management Inc raised 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 acquiring an additional 74 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Molina Healthcare during the third quarter worth $62,000. UMB Bank n.a. raised its holdings in shares of Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after acquiring an additional 101 shares in the last quarter. Finally, AM Squared Ltd raised its holdings in shares of Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after acquiring an additional 100 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on MOH. Barclays cut their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company raised their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. UBS Group cut their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Truist Financial cut their target price on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One equities 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $355.67.

Molina Healthcare Trading Down 0.4 %

Molina Healthcare stock opened at $283.92 on Friday. 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 business’s 50-day simple moving average is $298.27 and its 200-day simple moving average is $318.11. The firm has a market capitalization of $16.24 billion, a PE ratio of 13.90, a PEG ratio of 0.94 and a beta of 0.54. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week 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 analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Equities research analysts forecast that Molina Healthcare, Inc. will post 24.5 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.