Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 63.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,386 shares of the company’s stock after purchasing an additional 2,094 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Molina Healthcare were worth $1,568,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MOH. Wellington Management Group LLP boosted its position in shares of Molina Healthcare by 7.4% during the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock worth $766,111,000 after buying an additional 181,073 shares during the period. FMR LLC boosted its position in Molina Healthcare by 31.1% during the 4th quarter. FMR LLC now owns 1,801,113 shares of the company’s stock worth $524,214,000 after acquiring an additional 427,276 shares during the period. Geode Capital Management LLC boosted its position in Molina Healthcare by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock worth $417,144,000 after acquiring an additional 34,992 shares during the period. Invesco Ltd. increased its stake in shares of Molina Healthcare by 28.5% during the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock valued at $386,229,000 after acquiring an additional 294,180 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Molina Healthcare by 15.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company’s stock worth $200,307,000 after purchasing an additional 91,229 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Insider Activity

In related news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the transaction, the director now owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MOH has been the subject of several analyst reports. Stephens reaffirmed an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Guggenheim initiated coverage on shares of Molina Healthcare in a research note on Wednesday, April 9th. They set a “neutral” rating on the stock. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Mizuho lifted their price target on Molina Healthcare from $376.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, April 9th. Finally, Truist Financial upped their price target on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Molina Healthcare has a consensus rating of “Hold” and an average target price of $363.62.

Molina Healthcare Stock Performance

NYSE:MOH opened at $331.96 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $18.16 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. The firm has a 50 day moving average of $317.63 and a 200-day moving average of $307.82. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $370.99.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.86 by $0.22. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. During the same quarter last year, the business earned $5.73 EPS. As a group, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

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.