Capital Research & Management Co has recently announced that it has increased stake in Molina Healthcare Inc. (NYSE:MOH) by 0.00%. After grabbing 5.51 million shares, the institutional investor is now in possession of 29.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 9.43% having worth around $1.98 billion. Moreover, Fidelity Management & Research Co increased its share by 1.39 million to have a control over 2.9 million shares. And SSgA Funds Management, Inc. raised its holdings to 12065.0 shares by acquiring 2.45 million shares or 4.20% of the stake.
Molina Healthcare Inc. (MOH) concluded trading on 11/23/22 at a closing price of $320.58, with 0.47 million shares of worth about $151.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.87% during that period and on Wednesday the price saw a gain of about 1.27%. Currently the company’s common shares owned by public are about 58.40M shares, out of which, 57.86M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 185 times over the past 12 months. They bought 593,108 shares in 62 of the transactions. In 123 selling transactions, insiders dumped 555,061 shares.
American Funds Small Cap World Fu, Vanguard Total Stock Market Index, and American Funds Growth Fund of Ame are the top 3 mutual funds which are holding stakes in Molina Healthcare Inc. American Funds Small Cap World Fu is currently holding 2.41 million shares of worth totaling $863.99 million. The company recently came buying 0.0 shares which brought its stake up to 4.12% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 11175.0 shares, after which its hold over company’s outstanding shares expand to 2.99%, leaving 1.74 million shares with the mutual fund that have a worth of about $625.92 million. American Funds Growth Fund of Ame, after selling 1.49 million shares, have now control over 2.56% of the stake in the company. It holds 1410.0 shares of worth $536.49 million.
Molina Healthcare Inc. (NYSE: MOH) started trading at $317.00, above $0.45 from concluding price of the previous day. However, the stock later moved at a day high price of 320.71, or with a gain of 1.27%. Stock saw a price change of 2.48% in past 5 days and over the past one month there was a price change of -12.47%. Year-to-date (YTD), MOH shares are showing a performance of 0.79% which increased to 4.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $249.78 but also hit the highest price of $374.00 during that period. The average intraday trading volume for Molina Healthcare Inc. shares is 507.62K. The stock is currently trading -3.83% below its 20-day simple moving average (SMA20), while that difference is down -5.85% for SMA50 and it goes to 0.35% higher than SMA200.
Capital Research & Management Co acquired 5.51 million shares of Molina Healthcare Inc. having value of about $1.98 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 29.0 shares in the company valued at close to $9296.82, or have control over 0.00% stake in the company. Molina Healthcare Inc. (NYSE: MOH) currently have 58.40M outstanding shares and institutions hold larger chunk of about 98.00% of that. Holding of mutual funds in the company is about 34.92% while other institutional holders and individual stake holders have control over 62.72% and 13.63% of the stake respectively.
The stock has a current market capitalization of $18.39B and its 3Y-monthly beta is at 0.79. PE ratio of stock for trailing 12 months is 22.36, while it has posted earnings per share of $14.34 in the same period. Its PEG reads 1.20 and has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MOH, volatility over the week remained 1.68% while standing at 3.26% over the month.
Analysts are in expectations that Molina Healthcare Inc. (MOH) stock would likely to be making an EPS of $4.05 in the current quarter, while forecast for next quarter EPS is $5.64 and it is $19.96 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.62 which is $4.24 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.88 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 0.30% while it is estimated to increase by 10.35% in next year. EPS is likely to shrink at an annualized rate of 18.70% for next 5-years, compared to annual growth of 64.70% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on October 03, 2022 offering an Overweight rating for the stock and assigned a target price of $360 to it. Coverage by Loop Capital stated Molina Healthcare Inc. (MOH) stock as a Hold in their note to investors on June 17, 2022, suggesting a price target of $310 for the stock. On May 26, 2022, BofA Securities Downgrade their recommendations, while on December 14, 2021, Goldman Initiated their ratings for the stock with a price target of $335. Stock get a Hold rating from Deutsche Bank on November 22, 2021.