Corient Private Wealth LLC Buys 271 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Corient Private Wealth LLC lifted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 5.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,437 shares of the company’s stock after acquiring an additional 271 shares during the period. Corient Private Wealth LLC’s holdings in Molina Healthcare were worth $1,583,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. True Wealth Design LLC raised its position in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc raised its holdings in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in Molina Healthcare during the 4th quarter worth $52,000. EverSource Wealth Advisors LLC boosted its holdings in Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after acquiring an additional 88 shares during the period. Finally, Financial Perspectives Inc bought a new position in shares of Molina Healthcare in the fourth quarter worth about $59,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $310.55 on Wednesday. The business has a 50 day simple moving average of $300.36 and a 200 day simple moving average of $309.09. 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 company has a market capitalization of $16.99 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its earnings results 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%. On average, sell-side analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Mizuho decreased their target price on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. StockNews.com cut Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Truist Financial dropped their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. UBS Group reduced their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Finally, Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $355.69.

Insiders Place Their Bets

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now directly owns 17,375 shares in the company, valued at $5,235,608.75. This represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

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.