Atala Financial Inc Invests $74,000 in Molina Healthcare, Inc. (NYSE:MOH)

Atala Financial Inc acquired a new stake in Molina Healthcare, Inc. (NYSE:MOH) 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.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data 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 return on equity of 28.13% and a net margin of 2.90%. On average, sell-side analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

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.

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.