Versor Investments LP Invests $667,000 in Molina Healthcare, Inc. (NYSE:MOH)

Versor Investments LP purchased a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,292 shares of the company’s stock, valued at approximately $667,000.

Several other large investors have also added to or reduced their stakes in MOH. True Wealth Design LLC boosted its position in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. 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 purchasing an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Molina Healthcare in the 4th quarter worth approximately $52,000. Financial Perspectives Inc purchased a new stake in shares of Molina Healthcare in the 4th quarter worth about $59,000. Finally, Capital Performance Advisors LLP bought a new stake in Molina Healthcare in the third quarter worth $62,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $301.45 on Friday. The firm has a 50-day moving average of $293.12 and a two-hundred day moving average of $313.19. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $423.92. The stock has a market cap of $16.73 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. 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 posted its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MOH shares. StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Wells Fargo & Company lifted their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Truist Financial lowered their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, UBS Group cut their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $353.17.

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.