Arrowstreet Capital Limited Partnership Sells 271,321 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Arrowstreet Capital Limited Partnership decreased its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 91.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,990 shares of the company's stock after selling 271,321 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Molina Healthcare were worth $7,273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board raised its position in shares of Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company's stock worth $871,000 after purchasing an additional 300 shares during the last quarter. Tributary Capital Management LLC raised its holdings in Molina Healthcare by 76.1% in the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company's stock worth $1,219,000 after buying an additional 1,811 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Molina Healthcare in the fourth quarter worth approximately $544,000. Smartleaf Asset Management LLC grew its holdings in shares of Molina Healthcare by 123.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock valued at $100,000 after buying an additional 192 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Molina Healthcare during the fourth quarter valued at approximately $249,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares of the company's stock, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Mizuho upped their price objective on Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday. Stephens restated an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Truist Financial lifted their target price on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday. Finally, Barclays cut their price objective on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $355.75.

Molina Healthcare Price Performance

Shares of NYSE MOH traded up $2.62 during midday trading on Friday, reaching $345.30. The stock had a trading volume of 661,970 shares, compared to its average volume of 653,643. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $378.92. The stock has a 50-day moving average of $310.39 and a 200-day moving average of $308.18. The company has a market capitalization of $18.89 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Molina Healthcare Company 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.