Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC lifted its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 23.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,072 shares of the company's stock after purchasing an additional 968 shares during the quarter. Guggenheim Capital LLC's holdings in Molina Healthcare were worth $1,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MOH. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Molina Healthcare in the 4th quarter valued at $2,337,000. Canada Post Corp Registered Pension Plan bought a new position in shares of Molina Healthcare in the fourth quarter worth about $303,000. Sterling Capital Management LLC increased its stake in Molina Healthcare by 22.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,821 shares of the company's stock worth $530,000 after buying an additional 337 shares during the period. Capital Fund Management S.A. lifted its holdings in Molina Healthcare by 232.7% during the 4th quarter. Capital Fund Management S.A. now owns 90,681 shares of the company's stock valued at $26,393,000 after buying an additional 63,422 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in Molina Healthcare by 110.4% in the 4th quarter. Bessemer Group Inc. now owns 547 shares of the company's stock valued at $158,000 after buying an additional 287 shares during the period. 98.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MOH has been the topic of several research reports. Stephens restated an "equal weight" rating and set a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Truist Financial raised their target price on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Mizuho upped their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 9th. Finally, Sanford C. Bernstein started coverage on shares of Molina Healthcare in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $365.38.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

Molina Healthcare Stock Up 0.3 %

NYSE MOH traded up $0.88 during trading on Friday, hitting $314.69. The company's stock had a trading volume of 755,041 shares, compared to its average volume of 672,550. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $365.23. The company has a market cap of $17.21 billion, a PE ratio of 15.40, a P/E/G ratio of 1.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The business's 50 day simple moving average is $319.39 and its 200-day simple moving average is $307.40.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, topping the consensus estimate of $5.86 by $0.22. The company had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. During the same quarter in the previous year, the firm earned $5.73 EPS. On average, equities analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

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.