Molina Healthcare, Inc. (NYSE:MOH) Shares Acquired by Brooklyn Investment Group

Brooklyn Investment Group boosted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400 shares of the company’s stock after buying an additional 67 shares during the period. Brooklyn Investment Group’s holdings in Molina Healthcare were worth $116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MOH. Public Sector Pension Investment Board raised its position in shares of Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after buying an additional 300 shares in the last quarter. CWM LLC lifted its position in Molina Healthcare by 76.2% in the third quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after purchasing an additional 1,730 shares during the period. Everence Capital Management Inc. bought a new position in Molina Healthcare during the 4th quarter valued at $544,000. Oddo BHF Asset Management Sas acquired a new position in shares of Molina Healthcare during the 3rd quarter valued at $2,947,000. Finally, Tri Ri Asset Management Corp bought a new stake in shares of Molina Healthcare in the 3rd quarter worth $3,722,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of research analyst reports. Robert W. Baird cut their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Truist Financial reduced their target price on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a report on Monday, January 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. Barclays raised their price objective on 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, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. One 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Hold” and an average target price of $359.18.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $286.36 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. The business has a fifty day simple moving average of $296.84 and a 200 day simple moving average of $317.13. 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 (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping the consensus estimate of $5.96 by $0.05. The company had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. Molina Healthcare’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $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.

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.