Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,445 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Nordea Investment Management AB’s holdings in Molina Healthcare were worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. WCM Investment Management LLC raised its holdings in 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 period. Metis Global Partners LLC increased its holdings 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 valued at $960,000 after purchasing an additional 39 shares during the period. Caprock Group LLC increased its holdings in shares of Molina Healthcare by 3.3% in the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after purchasing an additional 47 shares during the period. Bank of Hawaii increased its holdings in shares of Molina Healthcare by 4.6% in the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock valued at $422,000 after purchasing an additional 54 shares during the period. Finally, Oliver Luxxe Assets LLC increased its holdings in shares of Molina Healthcare by 1.3% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company’s stock valued at $1,526,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Down 4.5 %

Shares of Molina Healthcare stock opened at $285.67 on Monday. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month 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 has a market capitalization of $16.34 billion, a P/E ratio of 14.51, a PEG ratio of 1.04 and a beta of 0.54. The stock has a 50 day moving average price of $301.10 and a two-hundred day moving average price of $317.29.

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

Wall Street Analyst Weigh In

MOH has been the topic of a number of research reports. Wells Fargo & Company upped their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Truist Financial dropped 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. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Hold” and an average target price of $359.18.

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.