Molina Healthcare, Inc. (NYSE:MOH) Stake Reduced by Overbrook Management Corp

Overbrook Management Corp decreased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 63.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,739 shares of the company’s stock after selling 18,415 shares during the period. Molina Healthcare makes up 0.7% of Overbrook Management Corp’s portfolio, making the stock its 29th biggest holding. Overbrook Management Corp’s holdings in Molina Healthcare were worth $3,126,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC grew its holdings in shares of Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after acquiring an additional 100 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Molina Healthcare in the 3rd quarter valued at $62,000. UMB Bank n.a. increased its stake in Molina Healthcare by 96.2% in the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after purchasing an additional 101 shares in the last quarter. Finally, AM Squared Ltd raised its holdings in Molina Healthcare by 50.0% during the 3rd quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $286.36 on Monday. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 0.89 and a beta of 0.54. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $296.84 and a 200 day simple moving average of $317.13.

Molina Healthcare (NYSE:MOH) last posted 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 company had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period last year, the business earned $5.05 EPS. As a group, sell-side analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. reiterated 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. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Robert W. Baird lowered 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 report on Thursday, October 24th. Wells Fargo & Company increased 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. Finally, Truist Financial lowered their price target on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare 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.