GAMMA Investing LLC Boosts Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

GAMMA Investing LLC increased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 64.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 893 shares of the company’s stock after buying an additional 350 shares during the period. GAMMA Investing LLC’s holdings in Molina Healthcare were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC grew its position in shares of 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 purchasing an additional 36 shares during the period. Metis Global Partners LLC lifted its stake in Molina Healthcare by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after buying an additional 39 shares in the last quarter. Caprock Group LLC boosted its holdings in Molina Healthcare by 3.3% in the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after buying an additional 47 shares during the last quarter. Bank of Hawaii increased its stake in Molina Healthcare by 4.6% during the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock worth $422,000 after buying an additional 54 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its holdings in shares of Molina Healthcare by 1.3% during the third quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company’s stock valued at $1,526,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Down 0.8 %

NYSE:MOH opened at $296.06 on Wednesday. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The stock’s fifty day moving average is $302.88 and its two-hundred day moving average is $317.62. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same quarter last year, the firm posted $5.05 earnings per share. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. Research analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on MOH. Wells Fargo & Company boosted their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Barclays upped their price target on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. Robert W. Baird dropped their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Truist Financial reduced their price target on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued 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 price target of $359.18.

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.