Washington Capital Management Inc. Takes $335,000 Position in Molina Healthcare, Inc. (NYSE:MOH)

Washington Capital Management Inc. acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,150 shares of the company’s stock, valued at approximately $335,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its stake in shares of Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc raised its position in Molina Healthcare by 83.1% in the fourth 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 period. Capital Performance Advisors LLP bought a new position in Molina Healthcare in the third quarter worth approximately $62,000. UMB Bank n.a. boosted its stake in shares of Molina Healthcare by 96.2% during the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after acquiring an additional 101 shares during the last quarter. Finally, AM Squared Ltd grew its position in shares of Molina Healthcare by 50.0% during the 3rd quarter. AM Squared Ltd now owns 300 shares of the company’s stock valued at $103,000 after acquiring an additional 100 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

NYSE MOH opened at $304.72 on Thursday. The firm has a market capitalization of $17.43 billion, a P/E ratio of 15.48, a PEG ratio of 0.94 and a beta of 0.54. The stock has a 50-day simple moving average of $296.71 and a two-hundred day simple moving average of $317.57. 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, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92.

Wall Street Analyst Weigh In

MOH has been the topic of several recent research reports. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. 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 research note on Monday, November 4th. Barclays upped their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Robert W. Baird decreased their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Truist Financial dropped their target price on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given 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, the company currently has a consensus rating of “Hold” and a consensus target price of $359.18.

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.