Atala Financial Inc acquired a new stake in Molina Healthcare, Inc. (NYSE:MOH – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 254 shares of the company’s stock, valued at approximately $74,000.
Several other institutional investors and hedge funds have also bought and sold shares of MOH. Los Angeles Capital Management LLC raised its holdings in Molina Healthcare by 166.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after acquiring an additional 122,674 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Molina Healthcare in the fourth quarter valued at $26,091,000. Victory Capital Management Inc. grew its position in shares of Molina Healthcare by 48.9% in the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock valued at $41,092,000 after purchasing an additional 46,350 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Molina Healthcare during the 4th quarter valued at $10,725,000. Finally, NFJ Investment Group LLC purchased a new stake in Molina Healthcare during the 3rd quarter worth about $7,432,000. 98.50% of the stock is owned by institutional investors.
Molina Healthcare Stock Performance
NYSE:MOH opened at $308.51 on Friday. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.06 and a beta of 0.56. The business has a 50 day moving average of $297.78 and a 200 day moving average of $311.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92.
Insider Activity
In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare 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 transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.11% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on MOH. Mizuho decreased their price target on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Barclays decreased their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. StockNews.com downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Truist Financial lowered their price objective on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Finally, Stephens restated an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Molina Healthcare currently has an average rating of “Hold” and an average price target of $355.69.
Read Our Latest Stock Analysis on Molina Healthcare
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.
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