Smartleaf Asset Management LLC Increases Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Smartleaf Asset Management LLC boosted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 123.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 347 shares of the company’s stock after buying an additional 192 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Molina Healthcare were worth $100,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC lifted its stake in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in shares of Molina Healthcare during the 4th quarter worth $52,000. Financial Perspectives Inc purchased a new position in shares of Molina Healthcare during the 4th quarter worth $59,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Molina Healthcare during the 3rd quarter worth $62,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $327.11 on Friday. 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 one year low of $262.32 and a one year high of $423.92. The company’s 50-day simple moving average is $295.28 and its 200-day simple moving average is $311.91. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS 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%. Equities analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Mizuho dropped their price objective on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Truist Financial dropped their price objective on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Stephens restated an “equal weight” rating and set a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, Barclays dropped their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $355.69.

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.