Ballentine Partners LLC Buys 226 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Ballentine Partners LLC increased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,163 shares of the company’s stock after acquiring an additional 226 shares during the quarter. Ballentine Partners LLC’s holdings in Molina Healthcare were worth $921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. True Wealth Design LLC boosted its stake in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc grew 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 acquiring an additional 74 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Molina Healthcare in the third quarter valued at about $62,000. UMB Bank n.a. raised its stake in shares of 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 acquiring an additional 101 shares during the last quarter. Finally, AM Squared Ltd boosted its holdings in shares of Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after purchasing an additional 100 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MOH has been the topic of a number of research analyst reports. Barclays boosted their price target on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Robert W. Baird decreased their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Truist Financial cut their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a report on Monday, January 6th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and a consensus price target of $359.18.

Molina Healthcare Price Performance

Shares of MOH opened at $302.63 on Thursday. The firm’s 50-day simple moving average is $295.43 and its two-hundred day simple moving average is $316.99. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The stock has a market cap of $17.31 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 0.89 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same quarter last year, the company earned $5.05 EPS. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. Analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

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.