Molina Healthcare, Inc. (NYSE:MOH) Stake Lifted by JLB & Associates Inc.

JLB & Associates Inc. raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 3.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,590 shares of the company’s stock after buying an additional 317 shares during the quarter. JLB & Associates Inc.’s holdings in Molina Healthcare were worth $3,082,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MOH. State Street Corp increased its holdings in shares of Molina Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock worth $900,787,000 after acquiring an additional 13,001 shares during the period. Charles Schwab Investment Management Inc. grew its position in Molina Healthcare by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock worth $134,405,000 after purchasing an additional 10,030 shares during the last quarter. Swiss National Bank increased its stake in shares of Molina Healthcare by 0.3% in the third quarter. Swiss National Bank now owns 173,900 shares of the company’s stock valued at $59,919,000 after purchasing an additional 500 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Molina Healthcare by 2.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,573 shares of the company’s stock valued at $43,533,000 after buying an additional 3,238 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Molina Healthcare by 14.6% during the fourth quarter. KBC Group NV now owns 125,486 shares of the company’s stock worth $36,522,000 after buying an additional 15,993 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Trading Up 1.7 %

Molina Healthcare stock opened at $291.71 on Friday. The firm has a market cap of $16.19 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $423.92. The firm’s 50 day moving average price is $293.60 and its two-hundred day moving average price is $314.85. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate 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, research analysts predict that Molina Healthcare, Inc. will post 24.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MOH has been the topic of several analyst reports. UBS Group lowered their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Barclays cut their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Truist Financial decreased their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. One investment 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $353.17.

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.