Empowered Funds LLC Raises Position in Molina Healthcare, Inc. (NYSE:MOH)

Empowered Funds LLC lifted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 22.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,900 shares of the company’s stock after buying an additional 12,251 shares during the period. Empowered Funds LLC owned approximately 0.12% of Molina Healthcare worth $19,471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC boosted its position in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares during the period. Versant Capital Management Inc boosted its position in shares of 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 buying an additional 74 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Molina Healthcare in the third quarter worth about $62,000. UMB Bank n.a. boosted its holdings in Molina Healthcare by 96.2% in the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after purchasing an additional 101 shares during the last quarter. Finally, AM Squared Ltd boosted its holdings in Molina Healthcare by 50.0% in the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock valued at $103,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MOH. UBS Group dropped their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday. Truist Financial lowered their target price on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, Stephens restated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and an average target price of $355.67.

Molina Healthcare Stock Performance

MOH opened at $283.92 on Friday. The firm has a market cap of $16.24 billion, a PE ratio of 13.90, a P/E/G ratio of 0.94 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $298.27 and a 200-day simple moving average of $318.11. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, equities analysts predict that Molina Healthcare, Inc. will post 24.5 EPS for the current fiscal year.

Molina Healthcare 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.