R Squared Ltd Takes $114,000 Position in Molina Healthcare, Inc. (NYSE:MOH)

R Squared Ltd purchased a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 390 shares of the company’s stock, valued at approximately $114,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Molina Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock worth $900,787,000 after purchasing an additional 13,001 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Molina Healthcare by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock valued at $134,405,000 after buying an additional 10,030 shares during the last quarter. Swiss National Bank increased its position in shares of Molina Healthcare by 0.3% during the third quarter. Swiss National Bank now owns 173,900 shares of the company’s stock worth $59,919,000 after acquiring an additional 500 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Molina Healthcare by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company’s stock worth $50,421,000 after acquiring an additional 1,778 shares during the last quarter. Finally, KBC Group NV lifted its position in Molina Healthcare by 14.6% in the 4th quarter. KBC Group NV now owns 125,486 shares of the company’s stock valued at $36,522,000 after acquiring an additional 15,993 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Up 3.0 %

Molina Healthcare stock opened at $313.26 on Friday. 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 company has a market capitalization of $17.92 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.94 and a beta of 0.54. The firm has a 50 day moving average price of $297.05 and a 200-day moving average price of $317.54. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MOH. Robert W. Baird decreased their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. Wells Fargo & Company lifted 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. Barclays upped their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Truist Financial cut their price target 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Molina Healthcare presently has an average rating of “Hold” and an average price target of $359.18.

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.