Alerus Financial NA Buys 1,831 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Alerus Financial NA raised its stake in shares of Molina Healthcare, Inc. (NYSE:MOHGet Rating) by 43.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,029 shares of the company’s stock after acquiring an additional 1,831 shares during the period. Alerus Financial NA’s holdings in Molina Healthcare were worth $1,918,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Molina Healthcare during the 4th quarter valued at $38,143,000. UBS Group AG increased its position in shares of Molina Healthcare by 231.3% during the 3rd quarter. UBS Group AG now owns 43,013 shares of the company’s stock valued at $11,669,000 after purchasing an additional 30,029 shares during the last quarter. Tealwood Asset Management Inc. purchased a new stake in shares of Molina Healthcare during the 3rd quarter valued at $1,587,000. Victory Capital Management Inc. increased its position in shares of Molina Healthcare by 0.8% during the 4th quarter. Victory Capital Management Inc. now owns 580,060 shares of the company’s stock valued at $184,506,000 after purchasing an additional 4,684 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Molina Healthcare by 8.5% in the 4th quarter. Bank of America Corp DE now owns 284,533 shares of the company’s stock worth $90,504,000 after acquiring an additional 22,347 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

MOH has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on Molina Healthcare from $308.00 to $301.00 and set an “underweight” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Molina Healthcare from $308.00 to $311.00 in a report on Monday, May 2nd. Truist Financial lifted their price objective on Molina Healthcare from $360.00 to $390.00 in a report on Thursday, April 7th. StockNews.com initiated coverage on Molina Healthcare in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company. Finally, Mizuho raised their target price on Molina Healthcare from $330.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, February 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $332.38.

Molina Healthcare stock traded down $0.22 during trading hours on Wednesday, reaching $312.37. The company had a trading volume of 3,644 shares, compared to its average volume of 531,368. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.44 and a quick ratio of 1.44. Molina Healthcare, Inc. has a 12-month low of $239.20 and a 12-month high of $350.19. The firm has a market cap of $18.34 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 1.10 and a beta of 0.80. The company has a 50-day moving average price of $324.13 and a 200 day moving average price of $310.20.

Molina Healthcare (NYSE:MOHGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $4.90 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.16. The company had revenue of $7.77 billion for the quarter, compared to analysts’ expectations of $7.54 billion. Molina Healthcare had a return on equity of 31.85% and a net margin of 2.37%. During the same period in the prior year, the firm earned $4.44 earnings per share. As a group, research analysts expect that Molina Healthcare, Inc. will post 17.14 earnings per share for the current year.

In other news, Director Ronna Romney sold 200 shares of the company’s stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $314.36, for a total transaction of $62,872.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeff D. Barlow sold 5,000 shares of the company’s stock in a transaction on Friday, March 4th. The shares were sold at an average price of $315.00, for a total value of $1,575,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,991 shares of company stock worth $1,883,261. 1.49% of the stock is owned by insiders.

About Molina Healthcare (Get Rating)

Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

Featured Articles

Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare, Inc. (NYSE:MOHGet Rating).

Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.