Pallas Capital Advisors LLC Boosts Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Pallas Capital Advisors LLC boosted its position in Molina Healthcare, Inc. (NYSE:MOH) by 132.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,059 shares of the company’s stock after purchasing an additional 1,175 shares during the period. Pallas Capital Advisors LLC’s holdings in Molina Healthcare were worth $599,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MOH. Barclays raised their price objective on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, Truist Financial cut their target price on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $359.18.

Molina Healthcare Price Performance

MOH stock opened at $294.20 on Wednesday. The stock has a market capitalization of $16.83 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.04 and a beta of 0.54. The stock’s fifty day simple moving average is $299.60 and its 200-day simple moving average is $317.30. 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.

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

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.