Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Waldron Private Wealth LLC

Waldron Private Wealth LLC grew its position in Molina Healthcare, Inc. (NYSE:MOH) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 729 shares of the company’s stock after purchasing an additional 33 shares during the period. Waldron Private Wealth LLC’s holdings in Molina Healthcare were worth $212,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MOH. WCM Investment Management LLC lifted its position in Molina Healthcare by 3.4% during the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after buying an additional 36 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Molina Healthcare by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after acquiring an additional 39 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of Molina Healthcare by 3.3% during the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after acquiring an additional 47 shares in the last quarter. Bank of Hawaii boosted its position in Molina Healthcare by 4.6% during the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock worth $422,000 after purchasing an additional 54 shares during the period. Finally, Oliver Luxxe Assets LLC raised its position in Molina Healthcare by 1.3% in the third quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company’s stock valued at $1,526,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

MOH has been the subject of several analyst reports. Barclays upped their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. Truist Financial dropped their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $359.18.

Molina Healthcare Trading Down 0.9 %

Shares of NYSE MOH opened at $310.10 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $297.44 and its two-hundred day moving average price is $317.93. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The stock has a market capitalization of $17.74 billion, a P/E ratio of 15.75, a PEG ratio of 0.94 and a beta of 0.54.

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.