Cornerstone Investment Partners LLC Has $565,000 Position in Molina Healthcare, Inc. (NYSE:MOH)

Cornerstone Investment Partners LLC grew its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,940 shares of the company’s stock after acquiring an additional 76 shares during the period. Cornerstone Investment Partners LLC’s holdings in Molina Healthcare were worth $565,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MOH. Los Angeles Capital Management LLC grew its holdings in Molina Healthcare by 166.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock worth $57,195,000 after acquiring an additional 122,674 shares during the period. Proficio Capital Partners LLC acquired a new stake in Molina Healthcare during the 4th quarter worth about $26,091,000. NFJ Investment Group LLC acquired a new stake in Molina Healthcare during the 3rd quarter worth about $7,432,000. Ieq Capital LLC grew its holdings in Molina Healthcare by 762.7% during the 4th quarter. Ieq Capital LLC now owns 21,489 shares of the company’s stock worth $6,254,000 after acquiring an additional 18,998 shares during the period. Finally, KBC Group NV grew its stake in shares of Molina Healthcare by 14.6% in the 4th quarter. KBC Group NV now owns 125,486 shares of the company’s stock valued at $36,522,000 after buying an additional 15,993 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

MOH stock opened at $303.43 on Tuesday. The company has a market capitalization of $16.84 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. 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, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The business has a 50-day simple moving average of $293.26 and a two-hundred day simple moving average of $312.57.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Research analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analysts Set New Price Targets

MOH has been the subject of several research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. Barclays reduced their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. UBS Group reduced their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Finally, Truist Financial reduced their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $354.92.

About Molina Healthcare

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.