Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Oxbow Advisors LLC

Oxbow Advisors LLC grew its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,313 shares of the company’s stock after acquiring an additional 96 shares during the period. Oxbow Advisors LLC’s holdings in Molina Healthcare were worth $2,128,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its holdings in Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after acquiring an additional 300 shares in the last quarter. Tributary Capital Management LLC lifted its position in shares of Molina Healthcare by 76.1% in the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock worth $1,219,000 after buying an additional 1,811 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Molina Healthcare in the 4th quarter worth about $544,000. SYM FINANCIAL Corp bought a new position in shares of Molina Healthcare in the 4th quarter worth about $249,000. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Molina Healthcare in the 3rd quarter worth about $2,947,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MOH has been the topic of a number of recent research reports. UBS Group reduced their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Truist Financial reduced their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday. Stephens restated an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Wells Fargo & Company boosted their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $353.17.

Molina Healthcare Trading Down 2.6 %

Shares of NYSE:MOH opened at $283.89 on Friday. The company has a 50 day moving average of $293.21 and a 200-day moving average of $314.41. The firm has a market cap of $15.76 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.06 and a beta of 0.54. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. 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 (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share 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.