Versant Capital Management Inc Buys 74 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Versant Capital Management Inc boosted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 83.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 163 shares of the company’s stock after acquiring an additional 74 shares during the period. Versant Capital Management Inc’s holdings in Molina Healthcare were worth $47,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MOH. Public Sector Pension Investment Board boosted its stake in shares of 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 purchasing an additional 300 shares during the last quarter. CWM LLC boosted its position in Molina Healthcare by 76.2% during the third quarter. CWM LLC now owns 4,001 shares of the company’s stock valued at $1,379,000 after acquiring an additional 1,730 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Molina Healthcare during the 3rd quarter worth about $2,947,000. Tri Ri Asset Management Corp acquired a new stake in Molina Healthcare during the 3rd quarter worth about $3,722,000. Finally, Zacks Investment Management lifted its stake in shares of Molina Healthcare by 13.5% in the 3rd quarter. Zacks Investment Management now owns 58,785 shares of the company’s stock valued at $20,255,000 after purchasing an additional 6,984 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Up 1.0 %

MOH stock opened at $297.51 on Tuesday. The firm has a market capitalization of $17.02 billion, a PE ratio of 15.11, a P/E/G ratio of 1.04 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The stock’s 50 day moving average is $303.42 and its 200-day moving average is $317.70.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The firm had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.05 EPS. Sell-side analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MOH has been the subject of several recent analyst reports. Robert W. Baird decreased their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Truist Financial lowered their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research note on Monday. Wells Fargo & Company increased their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Barclays lifted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Molina Healthcare has a consensus rating of “Hold” and a consensus target price of $359.18.

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.