Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 13.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,357 shares of the company’s stock after selling 837 shares during the period. Signet Financial Management LLC’s holdings in Molina Healthcare were worth $1,559,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. True Wealth Design LLC boosted its position in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Molina Healthcare during the 2nd quarter valued at about $40,000. Versant Capital Management Inc grew its holdings in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after buying an additional 74 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Molina Healthcare in the 3rd quarter valued at approximately $62,000. Finally, UMB Bank n.a. raised its stake in Molina Healthcare by 96.2% during the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after acquiring an additional 101 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MOH. JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Truist Financial dropped 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. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Company increased their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Robert W. Baird cut their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and an average target price of $359.18.

Molina Healthcare Stock Up 3.0 %

Shares of Molina Healthcare stock traded up $8.45 on Monday, hitting $294.53. The company had a trading volume of 483,635 shares, compared to its average volume of 415,352. The stock has a 50-day moving average of $301.10 and a 200-day moving average of $317.38. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The firm has a market capitalization of $16.85 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the business posted $5.05 earnings per share. Research analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

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.