Inspire Investing LLC Cuts Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Inspire Investing LLC decreased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,229 shares of the company’s stock after selling 35 shares during the period. Inspire Investing LLC’s holdings in Molina Healthcare were worth $2,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MOH. True Wealth Design LLC lifted its holdings in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares in the last quarter. Versant Capital Management Inc lifted its position 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 during the last quarter. Capital Performance Advisors LLP purchased a new stake in Molina Healthcare during the third quarter valued at about $62,000. UMB Bank n.a. grew its position in Molina Healthcare by 96.2% during the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after acquiring an additional 101 shares during the last quarter. Finally, AM Squared Ltd grew its holdings in shares of Molina Healthcare by 50.0% in the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Up 1.7 %

Shares of NYSE:MOH opened at $302.63 on Thursday. The business’s fifty day simple moving average is $295.43 and its 200-day simple moving average is $316.99. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92. The company has a market capitalization of $17.31 billion, a PE ratio of 15.37, a P/E/G ratio of 0.92 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.05 earnings per share. As a group, equities research analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MOH has been the topic of a number of research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Barclays lifted their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Truist Financial dropped their target price on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Wells Fargo & Company upped their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and an average target price of $359.18.

Molina Healthcare 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.