Choreo LLC Boosts Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Choreo LLC raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 7.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,115 shares of the company’s stock after purchasing an additional 80 shares during the period. Choreo LLC’s holdings in Molina Healthcare were worth $323,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MOH. CWM LLC increased its position in Molina Healthcare by 76.2% during the 3rd 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 during the period. Exchange Traded Concepts LLC grew its position in shares of Molina Healthcare by 85.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,129 shares of the company’s stock worth $1,078,000 after buying an additional 1,438 shares during the last quarter. Creative Planning grew its position in shares of Molina Healthcare by 2.7% in the 3rd quarter. Creative Planning now owns 8,454 shares of the company’s stock worth $2,913,000 after buying an additional 226 shares during the last quarter. NBC Securities Inc. grew its position in shares of Molina Healthcare by 5.2% in the 3rd quarter. NBC Securities Inc. now owns 2,098 shares of the company’s stock worth $722,000 after buying an additional 103 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its position in shares of Molina Healthcare by 26.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 888 shares of the company’s stock worth $306,000 after buying an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 1.6 %

NYSE:MOH opened at $270.91 on Friday. The company has a market cap of $15.50 billion, a PE ratio of 13.26, a P/E/G ratio of 0.94 and a beta of 0.54. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The company has a current ratio of 1.62, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average is $296.30 and its two-hundred day moving average is $317.47.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Analysts anticipate that Molina Healthcare, Inc. will post 24.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. 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 research report on Monday, November 4th. Truist Financial cut their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $355.67.

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.