Goldman Sachs Group Inc. Buys 265,852 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Goldman Sachs Group Inc. boosted its stake in shares of Molina Healthcare, Inc. (NYSE:MOHGet Rating) by 59.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 714,774 shares of the company’s stock after purchasing an additional 265,852 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Molina Healthcare were worth $227,356,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Covestor Ltd bought a new stake in Molina Healthcare during the fourth quarter worth approximately $25,000. Stonebridge Capital Advisors LLC bought a new stake in shares of Molina Healthcare in the fourth quarter valued at about $41,000. Dark Forest Capital Management LP bought a new stake in shares of Molina Healthcare in the 3rd quarter worth approximately $39,000. NuWave Investment Management LLC acquired a new position in shares of Molina Healthcare in the 4th quarter valued at $50,000. Finally, PrairieView Partners LLC bought a new position in Molina Healthcare during the fourth quarter worth about $52,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

In other Molina Healthcare news, insider Jeff D. Barlow sold 5,000 shares of the business’s stock in a transaction on Friday, March 4th. The shares were sold at an average price of $315.00, for a total transaction of $1,575,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronna Romney sold 195 shares of the business’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $313.21, for a total transaction of $61,075.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,186 shares of company stock valued at $1,944,337. 1.49% of the stock is currently owned by company insiders.

NYSE MOH traded up $6.18 during trading hours on Friday, reaching $295.89. 290,063 shares of the company were exchanged, compared to its average volume of 364,767. Molina Healthcare, Inc. has a 1 year low of $239.20 and a 1 year high of $350.19. The business’s 50 day simple moving average is $325.29 and its 200-day simple moving average is $309.67. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $17.37 billion, a P/E ratio of 25.18, a P/E/G ratio of 1.03 and a beta of 0.80.

Molina Healthcare (NYSE:MOHGet Rating) last issued its earnings results on Wednesday, April 27th. The company reported $4.90 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.16. Molina Healthcare had a net margin of 2.37% and a return on equity of 31.85%. During the same quarter last year, the firm earned $4.44 earnings per share. As a group, sell-side analysts anticipate that Molina Healthcare, Inc. will post 17.14 earnings per share for the current year.

Several equities research analysts have recently weighed in on the stock. Cowen upped their target price on shares of Molina Healthcare from $356.00 to $366.00 in a report on Monday, May 2nd. BMO Capital Markets raised their target price on shares of Molina Healthcare from $365.00 to $380.00 and gave the company an “outperform” rating in a research note on Monday, February 14th. Cowen raised their target price on shares of Molina Healthcare from $356.00 to $366.00 in a research note on Monday, May 2nd. Morgan Stanley dropped their target price on shares of Molina Healthcare from $397.00 to $365.00 and set an “overweight” rating on the stock in a report on Tuesday, February 22nd. Finally, Truist Financial lifted their price objective on shares of Molina Healthcare from $360.00 to $390.00 in a report on Thursday, April 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Molina Healthcare has an average rating of “Buy” and an average price target of $330.95.

About Molina Healthcare (Get Rating)

Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

Further Reading

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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