Tectonic Advisors LLC Has $421,000 Position in Molina Healthcare, Inc. (NYSE:MOH)

Tectonic Advisors LLC increased its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,447 shares of the company’s stock after buying an additional 117 shares during the quarter. Tectonic Advisors LLC’s holdings in Molina Healthcare were worth $421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOH. Waldron Private Wealth LLC grew its holdings in shares of Molina Healthcare by 4.7% during the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock worth $212,000 after purchasing an additional 33 shares in the last quarter. WCM Investment Management LLC lifted its position in Molina Healthcare by 3.4% in the third 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 boosted its stake in 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 in the last quarter. Caprock Group LLC increased its holdings in Molina Healthcare by 3.3% in the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after buying an additional 47 shares during the period. Finally, Bank of Hawaii raised its stake in shares of Molina Healthcare by 4.6% in the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock valued at $422,000 after buying an additional 54 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Down 10.0 %

Shares of NYSE:MOH opened at $285.29 on Friday. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The company’s 50-day moving average price is $298.78 and its two-hundred day moving average price is $318.38. The firm has a market cap of $16.32 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.96 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. As a group, research analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Truist Financial cut their target price on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research report on Monday, January 6th. StockNews.com upgraded Molina Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company lifted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $361.45.

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.