Victory Capital Management Inc. raised its holdings in Molina Healthcare, Inc (NYSE:MOH – Free Report) by 344.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 963,526 shares of the company’s stock after purchasing an additional 746,639 shares during the quarter. Victory Capital Management Inc. owned 1.78% of Molina Healthcare worth $184,380,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MOH. First Horizon Advisors Inc. lifted its holdings in Molina Healthcare by 2,140.0% in the second quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 107 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Molina Healthcare in the 2nd quarter valued at $45,000. MUFG Securities EMEA plc purchased a new stake in shares of Molina Healthcare during the 2nd quarter worth about $48,000. Zions Bancorporation National Association UT raised its holdings in Molina Healthcare by 121.8% in the 2nd quarter. Zions Bancorporation National Association UT now owns 193 shares of the company’s stock worth $57,000 after purchasing an additional 106 shares during the period. Finally, Bogart Wealth LLC purchased a new stake in shares of Molina Healthcare in the third quarter valued at approximately $39,000. 98.50% of the stock is owned by institutional investors and hedge funds.
Molina Healthcare Stock Performance
NYSE MOH opened at $144.73 on Wednesday. The company’s 50 day simple moving average is $167.23 and its two-hundred day simple moving average is $168.56. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.69 and a quick ratio of 1.69. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $359.97. The stock has a market capitalization of $7.45 billion, a PE ratio of 16.91 and a beta of 0.52.
Analyst Upgrades and Downgrades
MOH has been the subject of several research analyst reports. Cantor Fitzgerald reduced their price target on shares of Molina Healthcare from $180.00 to $144.00 and set a “neutral” rating for the company in a research report on Monday, February 9th. The Goldman Sachs Group reduced their price objective on Molina Healthcare from $167.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $224.00 target price on shares of Molina Healthcare in a research report on Tuesday, January 6th. Truist Financial decreased their price target on shares of Molina Healthcare from $190.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, February 17th. Finally, UBS Group reiterated a “neutral” rating and issued a $145.00 price objective on shares of Molina Healthcare in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $157.86.
Read 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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