GW&K Investment Management LLC grew its position in Molina Healthcare, Inc. (NYSE:MOH – Get Rating) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 204,168 shares of the company’s stock after purchasing an additional 10,713 shares during the quarter. GW&K Investment Management LLC owned approximately 0.35% of Molina Healthcare worth $64,941,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of MOH. Capital World Investors lifted its position in shares of Molina Healthcare by 10.8% during the 3rd quarter. Capital World Investors now owns 5,335,821 shares of the company’s stock valued at $1,447,662,000 after acquiring an additional 519,297 shares during the period. Wellington Management Group LLP lifted its position in shares of Molina Healthcare by 6.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,054,910 shares of the company’s stock valued at $828,829,000 after acquiring an additional 176,165 shares during the period. Geode Capital Management LLC lifted its position in shares of Molina Healthcare by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 824,233 shares of the company’s stock valued at $261,819,000 after acquiring an additional 36,654 shares during the period. Acadian Asset Management LLC raised its holdings in Molina Healthcare by 1.0% during the fourth quarter. Acadian Asset Management LLC now owns 743,829 shares of the company’s stock worth $236,567,000 after buying an additional 7,544 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Molina Healthcare by 0.8% during the fourth quarter. Victory Capital Management Inc. now owns 580,060 shares of the company’s stock worth $184,506,000 after buying an additional 4,684 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.
Several research analysts have weighed in on the stock. Cowen upped their price objective on shares of Molina Healthcare from $356.00 to $366.00 in a report on Monday, May 2nd. Mizuho upped their price objective on shares of Molina Healthcare from $330.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, February 11th. BMO Capital Markets upped their price objective on shares of Molina Healthcare from $365.00 to $380.00 and gave the stock an “outperform” rating in a report on Monday, February 14th. Cowen upped their price objective on shares of Molina Healthcare from $356.00 to $366.00 in a report on Monday, May 2nd. Finally, Truist Financial increased their target price on shares of Molina Healthcare from $360.00 to $390.00 in a report on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $330.95.
MOH traded up $0.21 during trading on Friday, hitting $309.53. 392,018 shares of the company traded hands, compared to its average volume of 424,507. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.86. The firm has a market cap of $18.17 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80. Molina Healthcare, Inc. has a one year low of $239.20 and a one year high of $350.19. The stock’s fifty day moving average is $324.80 and its 200 day moving average is $310.08.
Molina Healthcare (NYSE:MOH – Get Rating) last issued its earnings results on Wednesday, April 27th. The company reported $4.90 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.16. The firm had revenue of $7.77 billion during the quarter, compared to analyst estimates of $7.54 billion. Molina Healthcare had a net margin of 2.37% and a return on equity of 31.85%. During the same quarter last year, the business earned $4.44 earnings per share. On average, equities research analysts forecast that Molina Healthcare, Inc. will post 17.14 EPS for the current fiscal year.
About Molina Healthcare (Get Rating)
Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.
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