Apeiron RIA LLC Decreases Position in Molina Healthcare, Inc. (NYSE:MOH)

Apeiron RIA LLC lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,784 shares of the company’s stock after selling 166 shares during the quarter. Apeiron RIA LLC’s holdings in Molina Healthcare were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

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

Molina Healthcare Stock Up 1.1 %

MOH stock opened at $305.88 on Friday. The company has a market cap of $17.50 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 0.92 and a beta of 0.54. The company has a fifty day moving average price of $295.43 and a 200 day moving average price of $316.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92.

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

Wall Street Analysts Forecast Growth

MOH has been the topic of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Truist Financial cut their price target on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Robert W. Baird lowered their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $359.18.

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.