Burney Co. reduced its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 39.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,256 shares of the company's stock after selling 2,787 shares during the quarter. Burney Co.'s holdings in Molina Healthcare were worth $1,239,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in MOH. WCM Investment Management LLC raised its stake in shares of Molina Healthcare by 3.4% during the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company's stock valued at $369,000 after acquiring an additional 36 shares during the last quarter. Metis Global Partners LLC raised its position in Molina Healthcare by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company's stock valued at $960,000 after purchasing an additional 39 shares during the last quarter. Caprock Group LLC lifted 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 worth $503,000 after buying an additional 47 shares during the period. Bank of Hawaii grew its position 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 worth $422,000 after buying an additional 54 shares during the last quarter. Finally, Oliver Luxxe Assets LLC increased its stake in shares of Molina Healthcare by 1.3% during the third quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company's stock valued at $1,526,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 98.50% of the company's stock.
Molina Healthcare stock opened at $282.88 on Friday. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $16.18 billion, a P/E ratio of 14.37, a PEG ratio of 0.89 and a beta of 0.54. The stock's 50 day moving average is $297.71 and its 200 day moving average is $316.85.
Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping analysts' consensus estimates of $5.96 by $0.05. The firm had revenue of $10.34 billion for the quarter, compared to analysts' expectations of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company's quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm posted $5.05 earnings per share. On average, equities research analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.
Several research firms recently weighed in on MOH. Barclays lifted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Truist Financial reduced their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Robert W. Baird lowered their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued 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.com, the company has a consensus rating of "Hold" and a consensus target price of $359.18.
Read Our Latest Research Report on MOH
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.
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