Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by abrdn plc

abrdn plc lessened its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,834 shares of the company's stock after selling 2,427 shares during the period. abrdn plc owned approximately 0.10% of Molina Healthcare worth $17,070,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. True Wealth Design LLC grew its position in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after acquiring an additional 100 shares during the period. Versant Capital Management Inc lifted its stake in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after buying an additional 74 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Molina Healthcare during the 3rd quarter valued at $62,000. UMB Bank n.a. lifted its stake in Molina Healthcare by 96.2% in the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after purchasing an additional 101 shares in the last quarter. Finally, AM Squared Ltd raised its position in shares of Molina Healthcare by 50.0% during the 3rd quarter. AM Squared Ltd now owns 300 shares of the company's stock valued at $103,000 after buying an additional 100 shares in the last quarter. Institutional investors own 98.50% of the company's stock.

Wall Street Analysts Forecast Growth

MOH has been the topic of several analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. StockNews.com downgraded shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Truist Financial dropped their target price on shares of Molina Healthcare from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Barclays dropped their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Wells Fargo & Company upped their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $355.67.

Molina Healthcare Stock Up 0.8 %

NYSE:MOH traded up $2.29 during midday trading on Monday, reaching $286.26. 340,464 shares of the stock traded hands, compared to its average volume of 612,624. The business has a 50-day moving average of $298.27 and a two-hundred day moving average of $318.54. The stock has a market capitalization of $16.37 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, equities analysts forecast that Molina Healthcare, Inc. will post 24.5 earnings per share 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.