Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC increased its stake in Molina Healthcare, Inc. (NYSE:MOH) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,505 shares of the company’s stock after acquiring an additional 4,683 shares during the period. Wedge Capital Management L L P NC’s holdings in Molina Healthcare were worth $28,379,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MOH. AQR Capital Management LLC grew its position in Molina Healthcare by 36.2% during the second quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after acquiring an additional 123,121 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Molina Healthcare by 22.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock worth $140,026,000 after purchasing an additional 84,929 shares during the period. APG Asset Management N.V. grew its holdings in shares of Molina Healthcare by 47.6% during the 2nd quarter. APG Asset Management N.V. now owns 105,897 shares of the company’s stock worth $29,375,000 after purchasing an additional 34,156 shares during the period. Scion Asset Management LLC purchased a new position in Molina Healthcare in the second quarter valued at approximately $7,293,000. Finally, NFJ Investment Group LLC purchased a new position in Molina Healthcare in the third quarter valued at approximately $7,432,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MOH has been the subject of several research reports. 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 research note on Monday, January 6th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird cut their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company upped their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $359.18.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $286.36 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The business has a 50 day moving average price of $296.84 and a two-hundred day moving average price of $316.81. The firm has a market cap of $16.38 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.89 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the company earned $5.05 earnings per share. Sell-side analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal 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.