Molina Healthcare, Inc. (NYSE:MOH) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its position in Molina Healthcare, Inc. (NYSE:MOH) by 28.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,327,021 shares of the company’s stock after purchasing an additional 294,180 shares during the period. Invesco Ltd.’s holdings in Molina Healthcare were worth $386,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Polymer Capital Management US LLC purchased a new stake in shares of Molina Healthcare in the fourth quarter valued at $229,000. Cerity Partners LLC boosted its stake in Molina Healthcare by 114.1% in the 4th quarter. Cerity Partners LLC now owns 11,598 shares of the company’s stock worth $3,482,000 after buying an additional 6,180 shares during the last quarter. FMR LLC grew its holdings in Molina Healthcare by 31.1% in the 4th quarter. FMR LLC now owns 1,801,113 shares of the company’s stock valued at $524,214,000 after buying an additional 427,276 shares during the period. Federated Hermes Inc. increased its stake in shares of Molina Healthcare by 28.3% during the 4th quarter. Federated Hermes Inc. now owns 49,121 shares of the company’s stock valued at $14,297,000 after acquiring an additional 10,832 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Molina Healthcare by 11.4% during the 4th quarter. Quadrant Capital Group LLC now owns 627 shares of the company’s stock worth $182,000 after acquiring an additional 64 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Molina Healthcare Stock Up 2.9 %

Shares of NYSE:MOH opened at $340.27 on Thursday. The company has a market capitalization of $18.61 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. The company has a 50 day moving average of $309.45 and a two-hundred day moving average of $308.20. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $383.58. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Guggenheim initiated coverage on Molina Healthcare in a report on Wednesday. They set a “neutral” rating for the company. Mizuho lifted their target price on Molina Healthcare from $376.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Truist Financial decreased their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $350.75.

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.