Lindbrook Capital LLC Has $79,000 Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Lindbrook Capital LLC increased its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 37.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 219 shares of the company’s stock after purchasing an additional 60 shares during the quarter. Lindbrook Capital LLC’s holdings in Molina Healthcare were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Desjardins Global Asset Management Inc. increased its position in shares of Molina Healthcare by 4.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company’s stock worth $276,000 after purchasing an additional 32 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Molina Healthcare by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock worth $585,000 after purchasing an additional 33 shares in the last quarter. New York Life Investment Management LLC increased its position in shares of Molina Healthcare by 0.4% during the 3rd quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock worth $2,785,000 after purchasing an additional 36 shares in the last quarter. Aptus Capital Advisors LLC increased its position in shares of Molina Healthcare by 5.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock worth $250,000 after purchasing an additional 36 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in Molina Healthcare by 40.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Up 1.2 %

Shares of NYSE MOH opened at $367.62 on Thursday. The firm has a market capitalization of $21.54 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.02 and a beta of 0.47. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. Molina Healthcare, Inc. has a 1 year low of $266.35 and a 1 year high of $423.92. The firm’s 50-day moving average is $393.09 and its 200-day moving average is $372.04.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The business had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. Molina Healthcare’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company posted $4.10 EPS. Equities analysts expect that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on MOH. Bank of America lowered shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective on the stock. in a report on Thursday, March 28th. Truist Financial increased their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, April 4th. Wells Fargo & Company decreased their price objective on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Finally, Barclays began coverage on shares of Molina Healthcare in a report on Wednesday, March 6th. They set an “equal weight” rating and a $437.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $393.09.

Insider Activity at Molina Healthcare

In related news, CFO Mark Lowell Keim sold 15,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the sale, the chief financial officer now directly owns 36,531 shares in the company, valued at approximately $14,121,423.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Richard M. Schapiro sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the sale, the director now directly owns 11,207 shares in the company, valued at approximately $4,494,567.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the sale, the chief financial officer now owns 36,531 shares in the company, valued at $14,121,423.36. The disclosure for this sale can be found here. Insiders have sold 16,711 shares of company stock worth $6,472,517 in the last ninety days. Company insiders own 1.10% of the company’s stock.

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.