Should You Hold Molina Healthcare (MOH)?

Scout Investments, an affiliate of Carillon Tower Advisers, an investment management company, released its “Carillon Scout Mid Cap Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. The fund underperformed in the quarter relative to its benchmark Russell Midcap Index. Inflation and the Fed’s actions impacted the fund’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Carillon Tower Advisers highlighted stocks like Molina Healthcare, Inc. (NYSE:MOH) in its Q3 2022 investor letter. Headquartered in Long Beach, California, Molina Healthcare, Inc. (NYSE:MOH) is a managed healthcare services provider. On December 30, 2022, Molina Healthcare, Inc. (NYSE:MOH) stock closed at $330.22 per share. One-month return of Molina Healthcare, Inc. (NYSE:MOH) was -1.18% and its shares gained 3.82% of their value over the last 52 weeks. Molina Healthcare, Inc. (NYSE:MOH) has a market capitalization of $19.285 billion.

Carillon Tower Advisers made the following comment about Molina Healthcare, Inc. (NYSE:MOH) in its Q3 2022 investor letter:

Molina Healthcare, Inc. (NYSE:MOH) also performed well as sentiment toward health maintenance organizations improved, both as a relatively defensive investment during uncertain times, and as the bear case on the stock was partially debunked with an extension of expanded enrollment for government health insurance programs.”

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Molina Healthcare, Inc. (NYSE:MOH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held Molina Healthcare, Inc. (NYSE:MOH) at the end of the third quarter, which was 34 in the previous quarter.

We discussed Molina Healthcare, Inc. (NYSE:MOH) in another article and shared the top health insurance stocks to buy. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.