Nebula Research & Development LLC Purchases Shares of 6,123 Molina Healthcare, Inc. (NYSE:MOH)

Nebula Research & Development LLC acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 6,123 shares of the company’s stock, valued at approximately $1,782,000.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Molina Healthcare during the 4th quarter worth approximately $52,000. Hurley Capital LLC bought a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $55,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after buying an additional 88 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Molina Healthcare by 895.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company’s stock valued at $58,000 after buying an additional 179 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Molina Healthcare Trading Up 0.3 %

Shares of Molina Healthcare stock opened at $314.69 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a 50-day moving average of $319.39 and a 200-day moving average of $307.68. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $365.23. The stock has a market cap of $17.21 billion, a PE ratio of 15.40, a PEG ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.86 by $0.22. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The firm had revenue of $11.15 billion during the quarter, compared to the consensus estimate of $10.86 billion. During the same quarter in the previous year, the firm posted $5.73 EPS. As a group, sell-side analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Analyst Ratings Changes

MOH has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. Mizuho lifted their price target on Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, April 9th. Truist Financial upped their price objective on Molina Healthcare from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Finally, Guggenheim began coverage on Molina Healthcare in a research note on Wednesday, April 9th. They set a “neutral” rating for the company. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $365.38.

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.