Trust Point Inc. Buys New Position in Molina Healthcare, Inc. (NYSE:MOH)

Trust Point Inc. bought a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,806 shares of the company’s stock, valued at approximately $526,000.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC lifted its holdings in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Molina Healthcare during the third quarter valued at $62,000. UMB Bank n.a. lifted its holdings in shares of Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after purchasing an additional 101 shares during the last quarter. Finally, AM Squared Ltd lifted its holdings in shares of Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock valued at $103,000 after purchasing an additional 100 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MOH shares. Truist Financial reduced their price objective on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Robert W. Baird cut their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company raised their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, StockNews.com raised Molina Healthcare from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $359.18.

Molina Healthcare Stock Performance

Shares of NYSE MOH opened at $317.45 on Thursday. The firm has a market cap of $18.16 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 0.96 and a beta of 0.54. The business’s 50-day simple moving average is $298.78 and its 200-day simple moving average is $318.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. As a group, equities research analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal 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.