Washington Capital Management Inc. Acquires New Position in Molina Healthcare, Inc. (NYSE:MOH)

Washington Capital Management Inc. bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,150 shares of the company’s stock, valued at approximately $335,000.

A number of other hedge funds also recently added to or reduced their stakes in MOH. Public Sector Pension Investment Board grew its stake in Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after acquiring an additional 300 shares during the last quarter. CWM LLC lifted its holdings in shares of Molina Healthcare by 76.2% in the third quarter. CWM LLC now owns 4,001 shares of the company’s stock valued at $1,379,000 after purchasing an additional 1,730 shares in the last quarter. Tributary Capital Management LLC grew its position in shares of Molina Healthcare by 76.1% in the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock valued at $1,219,000 after purchasing an additional 1,811 shares during the last quarter. Everence Capital Management Inc. purchased a new position in shares of Molina Healthcare during the 4th quarter worth approximately $544,000. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Molina Healthcare during the 3rd quarter worth approximately $2,947,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on MOH. Barclays increased their price objective on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. reiterated 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. Robert W. Baird reduced their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Truist Financial reduced 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and an average price target of $359.18.

Molina Healthcare Stock Down 0.9 %

MOH opened at $304.72 on Thursday. The stock’s fifty day moving average is $296.71 and its 200-day moving average is $317.57. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. The company has a market capitalization of $17.43 billion, a PE ratio of 15.48, a P/E/G ratio of 0.94 and a beta of 0.54. 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 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.