Czech National Bank Purchases 466 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Czech National Bank grew its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,403 shares of the company’s stock after buying an additional 466 shares during the period. Czech National Bank’s holdings in Molina Healthcare were worth $3,610,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Molina Healthcare by 4.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,838 shares of the company’s stock worth $826,000 after purchasing an additional 132 shares in the last quarter. Pensionfund Sabic grew its holdings in shares of Molina Healthcare by 30.3% during the 4th quarter. Pensionfund Sabic now owns 4,300 shares of the company’s stock worth $1,252,000 after purchasing an additional 1,000 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Molina Healthcare by 7.2% during the 4th quarter. Nordea Investment Management AB now owns 4,445 shares of the company’s stock worth $1,300,000 after purchasing an additional 300 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Molina Healthcare during the 4th quarter worth $544,000. Finally, GAMMA Investing LLC grew its holdings in shares of Molina Healthcare by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock worth $260,000 after purchasing an additional 350 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MOH. Truist Financial reduced their target price on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Robert W. Baird reduced their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Molina Healthcare has a consensus rating of “Hold” and a consensus target price of $359.18.

Molina Healthcare Price Performance

Shares of MOH opened at $286.97 on Thursday. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The company has a market capitalization of $16.41 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.04 and a beta of 0.54. The business has a 50-day moving average of $298.81 and a 200-day moving average of $317.09.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The company had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The firm’s revenue was up 21.0% compared to the same quarter last year. During the same period last year, the company earned $5.05 earnings per share. As a group, equities research analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share 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.