O Shaughnessy Asset Management LLC decreased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 18.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,557 shares of the company's stock after selling 1,877 shares during the period. O Shaughnessy Asset Management LLC's holdings in Molina Healthcare were worth $2,491,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc grew its holdings in 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 purchasing an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Molina Healthcare during the 4th quarter worth $52,000. EverSource Wealth Advisors LLC grew its stake in Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock valued at $57,000 after buying an additional 88 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Molina Healthcare by 895.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company's stock worth $58,000 after acquiring an additional 179 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock worth $58,000 after acquiring an additional 155 shares during the last quarter. 98.50% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on MOH shares. Stephens reaffirmed an "equal weight" rating and issued a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. StockNews.com lowered Molina Healthcare from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Truist Financial reduced their price objective on Molina Healthcare from $370.00 to $340.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Finally, Mizuho cut their target price on shares of Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Seven research analysts have rated the stock with 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $348.75.
Read Our Latest Report on Molina Healthcare
Molina Healthcare Price Performance
NYSE MOH traded down $2.88 on Tuesday, reaching $337.50. The company's stock had a trading volume of 362,190 shares, compared to its average volume of 734,091. The firm has a market cap of $18.46 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. 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 52 week low of $262.32 and a 52 week high of $383.58. The business has a 50-day moving average price of $307.33 and a 200 day moving average price of $308.02.
Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data 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 net margin of 2.90% and a return on equity of 28.13%. Sell-side analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current year.
Insiders Place Their Bets
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 transaction of $301,330.00. Following the sale, the director now directly owns 17,375 shares of the company's stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.
About Molina Healthcare
(
Free Report)
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.
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