M&T Bank Corp Buys 1,656 Shares of Molina Healthcare, Inc. (NYSE:MOH)

M&T Bank Corp boosted its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 29.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,187 shares of the company’s stock after purchasing an additional 1,656 shares during the quarter. M&T Bank Corp’s holdings in Molina Healthcare were worth $2,091,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC boosted its position in shares of Molina Healthcare by 166.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after acquiring an additional 122,674 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Molina Healthcare in the fourth quarter worth $26,091,000. Victory Capital Management Inc. grew its stake in shares of Molina Healthcare by 48.9% in the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock worth $41,092,000 after acquiring an additional 46,350 shares during the last quarter. NFJ Investment Group LLC acquired a new stake in shares of Molina Healthcare in the third quarter worth $7,432,000. Finally, Ieq Capital LLC grew its stake in shares of Molina Healthcare by 762.7% in the fourth quarter. Ieq Capital LLC now owns 21,489 shares of the company’s stock worth $6,254,000 after acquiring an additional 18,998 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 1.0 %

Shares of NYSE MOH opened at $327.11 on Monday. The stock has a market cap of $18.15 billion, a PE ratio of 16.01, a PEG ratio of 1.06 and a beta of 0.56. The business has a fifty day moving average of $295.28 and a two-hundred day moving average of $311.65. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data 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 research analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MOH. Truist Financial lowered their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. UBS Group lowered their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Barclays reduced their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. Finally, JPMorgan Chase & Co. reaffirmed 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $355.69.

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.