Empowered Funds LLC acquired a new stake in shares of Molina Healthcare, Inc (NYSE:MOH – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 48,416 shares of the company’s stock, valued at approximately $11,073,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in MOH. Torren Management LLC purchased a new position in shares of Molina Healthcare in the fourth quarter worth approximately $26,000. Physician Wealth Advisors Inc. lifted its position in shares of Molina Healthcare by 1,250.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Quarry LP purchased a new stake in shares of Molina Healthcare in the 4th quarter valued at approximately $32,000. SJS Investment Consulting Inc. boosted its stake in Molina Healthcare by 504.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock worth $33,000 after purchasing an additional 207 shares during the period. Finally, Elevation Wealth Partners LLC boosted its stake in Molina Healthcare by 118.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock worth $33,000 after purchasing an additional 78 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Molina Healthcare Stock Up 0.6%
Molina Healthcare stock opened at $200.03 on Friday. The firm has a market cap of $10.44 billion, a PE ratio of -1,111.22, a P/E/G ratio of 28.66 and a beta of 0.75. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The firm’s 50 day moving average price is $211.49 and its two-hundred day moving average price is $179.63. Molina Healthcare, Inc has a twelve month low of $121.06 and a twelve month high of $244.89.
Wall Street Analyst Weigh In
Several analysts have issued reports on MOH shares. Truist Financial cut their target price on shares of Molina Healthcare from $250.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. JPMorgan Chase & Co. raised their target price on Molina Healthcare from $169.00 to $191.00 and gave the stock a “neutral” rating in a research report on Monday, June 8th. Barclays lowered their price target on Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating on the stock in a report on Friday, July 24th. Cantor Fitzgerald reissued a “neutral” rating on shares of Molina Healthcare in a research report on Friday, July 24th. Finally, Sanford C. Bernstein set a $286.00 price objective on Molina Healthcare in a research note on Monday, July 13th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $202.44.
Get Our Latest Report on Molina Healthcare
Molina Healthcare Company Profile
Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.
The company traces its roots to the early 1980s, when Dr.
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