Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Andra AP fonden

Andra AP fonden decreased its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,200 shares of the company's stock after selling 5,900 shares during the quarter. Andra AP fonden owned 0.09% of Molina Healthcare worth $15,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC raised its holdings in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock worth $36,000 after acquiring an additional 100 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after buying an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Molina Healthcare during the fourth quarter valued at approximately $52,000. Capital Performance Advisors LLP acquired a new stake in Molina Healthcare during the third quarter worth approximately $62,000. Finally, Financial Perspectives Inc purchased a new stake in Molina Healthcare in the 4th quarter worth approximately $59,000. Institutional investors and hedge funds own 98.50% of the company's stock.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the transaction, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.11% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MOH shares. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. StockNews.com cut Molina Healthcare from a "buy" rating to a "hold" rating in a report on Monday. Stephens reiterated an "equal weight" rating and set a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. JPMorgan Chase & Co. restated a "neutral" rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, UBS Group lowered their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Molina Healthcare presently has an average rating of "Hold" and a consensus price target of $355.69.

Molina Healthcare Stock Performance

Molina Healthcare stock traded down $9.73 during mid-day trading on Wednesday, reaching $315.08. The company's stock had a trading volume of 790,527 shares, compared to its average volume of 771,171. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The business has a 50 day moving average price of $296.83 and a 200-day moving average price of $311.18. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its 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%. Sell-side analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Molina Healthcare Profile

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.