Apeiron RIA LLC Lowers Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Apeiron RIA LLC lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,784 shares of the company’s stock after selling 166 shares during the quarter. Apeiron RIA LLC’s holdings in Molina Healthcare were worth $519,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MOH. ProShare Advisors LLC lifted its position in Molina Healthcare by 7.2% in the second quarter. ProShare Advisors LLC now owns 11,097 shares of the company’s stock valued at $3,299,000 after purchasing an additional 745 shares during the period. Public Sector Pension Investment Board raised its stake in shares of Molina Healthcare by 76.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,227 shares of the company’s stock worth $662,000 after buying an additional 967 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Molina Healthcare by 2.8% in the 2nd quarter. Xponance Inc. now owns 12,236 shares of the company’s stock valued at $3,638,000 after buying an additional 337 shares during the period. Marshall Wace LLP purchased a new stake in shares of Molina Healthcare in the second quarter valued at approximately $416,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Molina Healthcare by 61.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,219 shares of the company’s stock valued at $3,335,000 after buying an additional 4,259 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 research firms have commented on MOH. Wells Fargo & Company raised their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Barclays boosted their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, Truist Financial decreased their price target on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $359.18.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $305.88 on Friday. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The company has a market capitalization of $17.50 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 0.92 and a beta of 0.54. The stock has a fifty day moving average of $295.43 and a two-hundred day moving average of $316.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH) last posted 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 return on equity of 27.88% and a net margin of 2.92%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the business posted $5.05 EPS. On average, analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal 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.