Angeles Investment Advisors LLC Raises Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Angeles Investment Advisors LLC boosted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 5.4% during the fourth quarter, HoldingsChannel reports. The firm owned 838 shares of the company’s stock after buying an additional 43 shares during the period. Angeles Investment Advisors LLC’s holdings in Molina Healthcare were worth $244,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MOH. Los Angeles Capital Management LLC increased its holdings in shares of Molina Healthcare by 166.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock worth $57,195,000 after buying an additional 122,674 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Molina Healthcare in the fourth quarter worth $26,091,000. Victory Capital Management Inc. increased its stake in Molina Healthcare by 48.9% in the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock valued at $41,092,000 after acquiring an additional 46,350 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Molina Healthcare during the fourth quarter valued at about $10,725,000. Finally, NFJ Investment Group LLC bought a new stake in Molina Healthcare during the third quarter worth about $7,432,000. 98.50% of the stock is currently owned by institutional investors.

Insider Activity at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on MOH shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Mizuho reduced their price target on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Truist Financial decreased their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. Finally, Barclays decreased their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $355.69.

Molina Healthcare Stock Down 1.7 %

NYSE MOH opened at $309.85 on Monday. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $423.92. The stock has a market capitalization of $16.95 billion, a PE ratio of 15.17, a PEG ratio of 1.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The business’s 50-day moving average is $299.99 and its 200 day moving average is $309.21.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Sell-side analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Molina Healthcare 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.