Cornerstone Investment Partners LLC Purchases 76 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Cornerstone Investment Partners LLC grew its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,940 shares of the company’s stock after buying an additional 76 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Molina Healthcare were worth $565,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC raised its holdings in shares of Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc raised its holdings in shares of Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of Molina Healthcare in the 4th quarter worth approximately $52,000. Financial Perspectives Inc bought a new stake in shares of Molina Healthcare in the 4th quarter worth approximately $59,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Molina Healthcare in the 3rd quarter worth approximately $62,000. Institutional investors own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MOH shares. 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 report on Monday, November 4th. StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. Truist Financial reduced their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. UBS Group reduced their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Finally, Barclays reduced their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Molina Healthcare currently has an average rating of “Hold” and a consensus target price of $354.92.

Molina Healthcare Stock Up 0.8 %

MOH opened at $303.43 on Tuesday. The company has a fifty day moving average price of $293.26 and a 200-day moving average price of $312.57. The firm has a market capitalization of $16.84 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. 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 one year low of $262.32 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results 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 net margin of 2.90% and a return on equity of 28.13%. Equities research analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

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.