Nebula Research & Development LLC Purchases Shares of 6,123 Molina Healthcare, Inc. (NYSE:MOH)

Nebula Research & Development LLC acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,123 shares of the company’s stock, valued at approximately $1,782,000.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at $52,000. Hurley Capital LLC acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at $55,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 88 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company’s stock worth $58,000 after buying an additional 155 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Insiders Place Their Bets

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 value of $301,330.00. Following the sale, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

MOH has been the subject of several research reports. Barclays raised their price objective on shares of Molina Healthcare from $339.00 to $362.00 and gave the company an “equal weight” rating in a research report on Friday. Stephens restated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. Truist Financial increased their price objective on Molina Healthcare from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Sanford C. Bernstein initiated coverage on Molina Healthcare in a research report on Tuesday. They set an “outperform” rating and a $414.00 target price for the company. Finally, Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $365.38.

Molina Healthcare Trading Up 0.3 %

MOH opened at $314.69 on Friday. The firm’s fifty day moving average is $319.39 and its two-hundred day moving average is $307.68. The firm has a market cap of $17.21 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $365.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.86 by $0.22. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The business had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $10.86 billion. During the same quarter last year, the business posted $5.73 EPS. Equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Molina Healthcare 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.