Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by Entropy Technologies LP

Entropy Technologies LP grew its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 58.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,594 shares of the company’s stock after purchasing an additional 1,688 shares during the period. Entropy Technologies LP’s holdings in Molina Healthcare were worth $1,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Waldron Private Wealth LLC increased its position in Molina Healthcare by 4.7% during the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock worth $212,000 after purchasing an additional 33 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Molina Healthcare by 3.4% during the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock worth $369,000 after buying an additional 36 shares during the last quarter. Metis Global Partners LLC raised its position in shares of Molina Healthcare by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock worth $960,000 after buying an additional 39 shares during the period. Caprock Group LLC boosted its holdings in 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 acquiring an additional 47 shares during the last quarter. Finally, Bank of Hawaii grew its position in Molina Healthcare by 4.6% during the third quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock valued at $422,000 after acquiring an additional 54 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Truist Financial cut their price objective on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Stephens reaffirmed an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Finally, UBS Group decreased their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $355.67.

Molina Healthcare Trading Up 0.8 %

NYSE:MOH opened at $286.20 on Tuesday. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. 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 $297.96 and its 200 day simple moving average is $318.27.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (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%. As a group, sell-side analysts predict that Molina Healthcare, Inc. will post 24.5 earnings per share for the current fiscal 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.