Pilgrim Partners Asia Pte Ltd Purchases Shares of 260 Molina Healthcare, Inc. (NYSE:MOH)
by Scott Moore · The Cerbat GemPilgrim Partners Asia Pte Ltd acquired a new position in Molina Healthcare, Inc. (NYSE:MOH – Free Report) during the fourth quarter, HoldingsChannel reports. The firm acquired 260 shares of the company’s stock, valued at approximately $76,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Waldron Private Wealth LLC grew its stake in Molina Healthcare by 4.7% during the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock worth $212,000 after buying an additional 33 shares during the period. Angeles Investment Advisors LLC boosted its position in Molina Healthcare by 5.4% during the 4th quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock worth $244,000 after purchasing an additional 43 shares during the period. HighTower Advisors LLC increased its holdings in Molina Healthcare by 2.1% in the 3rd quarter. HighTower Advisors LLC now owns 2,627 shares of the company’s stock valued at $906,000 after purchasing an additional 55 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Molina Healthcare by 38.5% during the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock worth $60,000 after purchasing an additional 57 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Molina Healthcare by 20.1% in the fourth quarter. Brooklyn Investment Group now owns 400 shares of the company’s stock worth $116,000 after buying an additional 67 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.
Molina Healthcare Stock Down 1.7 %
Shares of NYSE:MOH opened at $347.26 on Friday. The company’s fifty day moving average is $306.76 and its two-hundred day moving average is $308.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $383.58. The stock has a market capitalization of $18.99 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56.
Molina Healthcare (NYSE:MOH – Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Equities analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on MOH shares. Barclays decreased their price target on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Mizuho dropped their price target on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Truist Financial decreased their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. UBS Group dropped their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Finally, Stephens reissued an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Moderate Buy” and an average target price of $348.75.
Molina Healthcare 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.
Featured Articles
- Five stocks we like better than Molina Healthcare
- P/E Ratio Calculation: How to Assess Stocks
- Archer Aviation’s Africa Deal Could Boost ACHR Stock
- Do ETFs Pay Dividends? What You Need to Know
- Are Short Sellers Wrong About These 3 Semiconductor Stocks?
- How to Invest in Insurance Companies: A Guide
- Boeing Gets $50B in March Orders—Is BA Stock a Buy Now?
Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare, Inc. (NYSE:MOH – Free Report).