Trust Point Inc. Invests $526,000 in Molina Healthcare, Inc. (NYSE:MOH)

Trust Point Inc. bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,806 shares of the company’s stock, valued at approximately $526,000.

Several other hedge funds and other institutional investors have also modified their holdings of MOH. Waldron Private Wealth LLC raised its position in Molina Healthcare by 4.7% in the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after purchasing an additional 33 shares during the last quarter. WCM Investment Management LLC grew its stake in Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after acquiring an additional 36 shares during the period. Metis Global Partners LLC grew its stake in Molina Healthcare by 1.4% in the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after acquiring an additional 39 shares during the period. Caprock Group LLC lifted its holdings in shares of Molina Healthcare by 3.3% in the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after purchasing an additional 47 shares in the last quarter. Finally, Bank of Hawaii lifted its holdings in shares of Molina Healthcare by 4.6% in the third quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock valued at $422,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Up 0.6 %

NYSE MOH opened at $317.45 on Thursday. The company has a market cap of $18.16 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 0.96 and a beta of 0.54. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The business’s fifty day moving average is $298.78 and its 200 day moving average is $318.38. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. As a group, sell-side analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com upgraded Molina Healthcare from a “buy” rating to a “strong-buy” rating in a report on Friday, January 31st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Truist Financial decreased their target price on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Barclays increased their price target on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Robert W. Baird decreased their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Molina Healthcare presently has a consensus rating of “Moderate Buy” and an average price target of $359.18.

Molina Healthcare 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.