Moran Wealth Management LLC Purchases 675 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Moran Wealth Management LLC increased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,896 shares of the company’s stock after buying an additional 675 shares during the quarter. Moran Wealth Management LLC owned 0.11% of Molina Healthcare worth $18,306,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. True Wealth Design LLC raised its stake in shares of Molina Healthcare by 2,500.0% during 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 in the last quarter. Versant Capital Management Inc boosted its stake in shares of Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after buying an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $52,000. Financial Perspectives Inc acquired a new position in Molina Healthcare during the fourth quarter valued at approximately $59,000. Finally, Lindbrook Capital LLC lifted its stake in Molina Healthcare by 38.5% during the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock worth $60,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. Barclays lowered their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Stephens restated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. UBS Group dropped their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Finally, Truist Financial decreased their price target 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare has an average rating of “Moderate Buy” and a consensus price target of $355.69.

Molina Healthcare Price Performance

MOH opened at $327.11 on Monday. 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, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The stock has a market capitalization of $18.15 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The stock’s 50 day moving average price is $295.28 and its 200-day moving average price is $311.65.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results 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 net margin of 2.90% and a return on equity of 28.13%. On average, equities research analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insider Activity

In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

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.