Rhumbline Advisers Trims Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Rhumbline Advisers reduced its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,642 shares of the company's stock after selling 4,446 shares during the quarter. Rhumbline Advisers owned 0.24% of Molina Healthcare worth $40,352,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC grew its holdings in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after buying an additional 100 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Molina Healthcare by 83.1% during 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. acquired a new position in shares of Molina Healthcare during the fourth quarter valued at about $52,000. Capital Performance Advisors LLP acquired a new position in shares of Molina Healthcare during the third quarter valued at about $62,000. Finally, AM Squared Ltd grew its holdings in shares of Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company's stock valued at $103,000 after buying an additional 100 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MOH has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Barclays dropped their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. StockNews.com lowered shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 8th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, Truist Financial dropped their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $353.17.

Molina Healthcare Stock Performance

MOH stock traded down $7.57 during mid-day trading on Friday, hitting $283.89. The company had a trading volume of 1,063,437 shares, compared to its average volume of 698,492. The firm has a market cap of $15.76 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. 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 $423.92. The stock's fifty day moving average price is $293.21 and its two-hundred day moving average price is $314.41.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate 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, analysts forecast that Molina Healthcare, Inc. will post 24.37 earnings per share 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.