Overbrook Management Corp Sells 18,415 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Overbrook Management Corp reduced its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 63.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,739 shares of the company’s stock after selling 18,415 shares during the period. Molina Healthcare accounts for approximately 0.7% of Overbrook Management Corp’s portfolio, making the stock its 29th biggest holding. Overbrook Management Corp’s holdings in Molina Healthcare were worth $3,126,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. True Wealth Design LLC increased its holdings in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Molina Healthcare by 83.1% in 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 last quarter. Capital Performance Advisors LLP bought a new stake in Molina Healthcare during the third quarter worth approximately $62,000. UMB Bank n.a. grew its holdings in 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 grew its holdings in 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 currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on MOH. Truist Financial decreased their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a report on Monday, January 6th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Barclays raised 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. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $359.18.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $286.36 on Monday. The firm has a market capitalization of $16.38 billion, a PE ratio of 14.54, a PEG ratio of 0.89 and a beta of 0.54. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The business’s 50 day moving average is $296.84 and its 200-day moving average is $317.13.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping the consensus estimate of $5.96 by $0.05. The firm 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%. Molina Healthcare’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the business earned $5.05 earnings per share. Sell-side analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

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.