Tealwood Asset Management Inc. Acquires 75 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Tealwood Asset Management Inc. increased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,612 shares of the company’s stock after purchasing an additional 75 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Molina Healthcare were worth $1,342,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of Molina Healthcare by 36.2% in the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after purchasing an additional 123,121 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Molina Healthcare by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock valued at $282,343,000 after purchasing an additional 111,154 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Molina Healthcare by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock worth $140,026,000 after purchasing an additional 84,929 shares during the period. Quantbot Technologies LP acquired a new position in Molina Healthcare in the second quarter valued at approximately $14,546,000. Finally, APG Asset Management N.V. grew its position in shares of Molina Healthcare by 47.6% during the 2nd quarter. APG Asset Management N.V. now owns 105,897 shares of the company’s stock worth $29,375,000 after buying an additional 34,156 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MOH has been the subject of a number of research analyst reports. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. 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 research report on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Truist Financial reduced their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Molina Healthcare currently has an average rating of “Hold” and a consensus target price of $359.18.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $294.53 on Tuesday. The company has a 50-day moving average price of $301.10 and a two-hundred day moving average price of $317.38. 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 firm has a market capitalization of $16.85 billion, a PE 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 the consensus estimate of $5.96 by $0.05. The company had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. Molina Healthcare’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period last year, the firm earned $5.05 EPS. Equities analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

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.