Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Boston Partners

Boston Partners lowered its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 25.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 955,170 shares of the company's stock after selling 327,798 shares during the quarter. Boston Partners owned approximately 1.67% of Molina Healthcare worth $278,029,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MOH. Public Sector Pension Investment Board lifted its position in shares of Molina Healthcare by 13.5% during 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 lifted its holdings in Molina Healthcare by 76.1% during the 4th 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. purchased a new stake in Molina Healthcare during the 4th quarter worth about $544,000. Smartleaf Asset Management LLC lifted its stake in Molina Healthcare by 123.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock worth $100,000 after purchasing an additional 192 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new stake in Molina Healthcare during the fourth quarter worth approximately $249,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MOH. JPMorgan Chase & Co. restated a "neutral" rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Barclays reduced their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Mizuho reduced their price target on shares of Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. UBS Group reduced their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a report on Friday, February 7th. Finally, Truist Financial reduced their target price on Molina Healthcare from $370.00 to $340.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. One investment 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $355.69.

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Insider Activity at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred 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 sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.

Molina Healthcare Trading Down 1.7 %

Shares of Molina Healthcare stock traded down $5.42 during trading hours on Friday, reaching $309.85. The stock had a trading volume of 1,046,887 shares, compared to its average volume of 613,436. The firm has a 50 day simple moving average of $299.99 and a two-hundred day simple moving average of $309.37. The firm has a market capitalization of $16.95 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 1.06 and a beta of 0.56. 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 1 year low of $262.32 and a 1 year high of $423.92.

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 the consensus estimate 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, equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current 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.