Molina Healthcare, Inc. (NYSE:MOH) Stock Holdings Lifted by VeriStar Capital Management LP

VeriStar Capital Management LP raised its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,913 shares of the company’s stock after buying an additional 1,460 shares during the period. Molina Healthcare comprises about 10.2% of VeriStar Capital Management LP’s investment portfolio, making the stock its 5th biggest holding. VeriStar Capital Management LP’s holdings in Molina Healthcare were worth $6,087,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MOH. Wellington Management Group LLP increased its stake in shares of Molina Healthcare by 7.4% during the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock valued at $766,111,000 after buying an additional 181,073 shares during the period. FMR LLC increased its position in Molina Healthcare by 31.1% during the 4th quarter. FMR LLC now owns 1,801,113 shares of the company’s stock valued at $524,214,000 after purchasing an additional 427,276 shares during the period. Geode Capital Management LLC raised its holdings in Molina Healthcare by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock worth $417,144,000 after purchasing an additional 34,992 shares in the last quarter. Invesco Ltd. lifted its position in shares of Molina Healthcare by 28.5% in the 4th quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock worth $386,229,000 after purchasing an additional 294,180 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Molina Healthcare by 15.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company’s stock valued at $200,307,000 after purchasing an additional 91,229 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

MOH opened at $314.69 on Friday. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $365.23. The stock has a 50-day moving average price of $319.39 and a 200-day moving average price of $307.68. The firm has a market cap of $17.21 billion, a PE ratio of 15.40, a P/E/G ratio of 1.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.86 by $0.22. The firm had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. During the same quarter in the prior year, the firm posted $5.73 earnings per share. Sell-side analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MOH shares. Truist Financial increased their price target on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, April 11th. Guggenheim started coverage on Molina Healthcare in a research report on Wednesday, April 9th. They set a “neutral” rating on the stock. Baird R W downgraded Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, UBS Group lowered their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Molina Healthcare currently has an average rating of “Hold” and a consensus target price of $365.38.

Insiders Place Their Bets

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction 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 of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.