Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 37.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,000 shares of the company's stock after selling 7,177 shares during the quarter. Amalgamated Bank's holdings in Molina Healthcare were worth $4,135,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Molina Healthcare during the 2nd quarter valued at about $36,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Molina Healthcare during the 2nd quarter valued at about $40,000. AM Squared Ltd purchased a new position in shares of Molina Healthcare during the 2nd quarter valued at about $59,000. UMB Bank n.a. grew its position in shares of 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 buying an additional 101 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Molina Healthcare by 43.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 409 shares of the company's stock worth $141,000 after buying an additional 123 shares during the last quarter. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Trading Down 2.4 %

Shares of NYSE MOH traded down $8.04 during trading hours on Friday, hitting $329.65. 1,009,526 shares of the company traded hands, compared to its average volume of 969,300. The company's 50 day moving average price is $330.97 and its 200 day moving average price is $327.22. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $18.86 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.12 and a beta of 0.59.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company had revenue of $10.34 billion during the quarter, compared to analysts' expectations of $9.92 billion. During the same quarter in the previous year, the business earned $5.05 EPS. Molina Healthcare's revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MOH has been the topic of a number of recent analyst reports. Robert W. Baird cut their price objective on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Truist Financial dropped their price target on Molina Healthcare from $440.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft dropped their target price on Molina Healthcare from $354.00 to $353.00 and set a "hold" rating on the stock in a report on Monday, July 29th. Barclays boosted their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Finally, Stephens reissued an "equal weight" rating and issued a $320.00 target price on shares of Molina Healthcare in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Molina Healthcare currently has an average rating of "Moderate Buy" and a consensus price target of $367.17.

Insider Activity at Molina Healthcare

In related news, CAO Maurice Hebert sold 393 shares of the company's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the sale, the chief accounting officer now directly owns 9,473 shares in the company, valued at $3,282,583.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

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.