Mizuho Securities USA LLC Purchases 1,621 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Mizuho Securities USA LLC lifted its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 42.7% in the fourth quarter, HoldingsChannel reports. The fund owned 5,421 shares of the company’s stock after buying an additional 1,621 shares during the period. Mizuho Securities USA LLC’s holdings in Molina Healthcare were worth $1,578,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MOH. True Wealth Design LLC raised its holdings in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of 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 buying an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in Molina Healthcare in the fourth quarter valued at approximately $52,000. EverSource Wealth Advisors LLC boosted its stake in Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after acquiring an additional 88 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its holdings in Molina Healthcare by 895.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company’s stock worth $58,000 after acquiring an additional 179 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Activity

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

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock opened at $310.55 on Wednesday. The company has a 50 day moving average of $300.36 and a 200-day moving average of $309.09. The company has a market cap of $16.99 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, equities research analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MOH. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. UBS Group reduced their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. Barclays decreased their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, Truist Financial cut their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Molina Healthcare presently has an average rating of “Hold” and a consensus price target of $355.69.

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.