Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 163.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,343 shares of the company’s stock after purchasing an additional 5,175 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Molina Healthcare were worth $2,428,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MOH. Raymond James & Associates grew its stake in shares of Molina Healthcare by 59.9% in the 3rd quarter. Raymond James & Associates now owns 42,298 shares of the company’s stock worth $14,574,000 after purchasing an additional 15,840 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Molina Healthcare by 11.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,195 shares of the company’s stock worth $412,000 after buying an additional 124 shares during the period. Private Advisor Group LLC acquired a new position in shares of Molina Healthcare in the third quarter worth about $215,000. Assenagon Asset Management S.A. boosted its holdings in shares of Molina Healthcare by 15.9% in the third quarter. Assenagon Asset Management S.A. now owns 29,819 shares of the company’s stock worth $10,274,000 after buying an additional 4,081 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Molina Healthcare by 27.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,039 shares of the company’s stock worth $1,723,000 after buying an additional 1,084 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Price Performance

NYSE MOH opened at $287.59 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $15.96 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. The company has a 50 day moving average price of $293.05 and a two-hundred day moving average price of $313.75. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $423.92.

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

Wall Street Analyst Weigh In

Several brokerages have commented on MOH. Barclays decreased their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Wells Fargo & Company raised their target price 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. Stephens reiterated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, Truist Financial decreased their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Molina Healthcare has an average rating of “Hold” and a consensus target price of $353.17.

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.