State of Alaska Department of Revenue Reduces Stake in Molina Healthcare, Inc. (NYSE:MOH)

State of Alaska Department of Revenue lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 33.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,950 shares of the company's stock after selling 5,421 shares during the quarter. State of Alaska Department of Revenue's holdings in Molina Healthcare were worth $3,186,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MOH. Waldron Private Wealth LLC grew its position in Molina Healthcare by 4.7% in the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company's stock valued at $212,000 after acquiring an additional 33 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of Molina Healthcare by 3.4% during the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company's stock worth $369,000 after purchasing an additional 36 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Molina Healthcare by 1.4% during the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company's stock worth $960,000 after purchasing an additional 39 shares during the last quarter. Caprock Group LLC grew its holdings in shares of Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company's stock worth $503,000 after purchasing an additional 47 shares during the last quarter. Finally, Bank of Hawaii grew its holdings in shares of Molina Healthcare by 4.6% during the third quarter. Bank of Hawaii now owns 1,224 shares of the company's stock worth $422,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Molina Healthcare Stock Up 1.6 %

Shares of NYSE:MOH traded up $4.34 during trading on Thursday, reaching $270.91. 663,514 shares of the stock were exchanged, compared to its average volume of 652,314. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.55. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92. The stock has a fifty day moving average of $296.30 and a two-hundred day moving average of $317.47. The firm has a market cap of $15.50 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) 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%. Research analysts anticipate that Molina Healthcare, Inc. will post 24.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on MOH. Truist Financial cut their price objective on Molina Healthcare from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. 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 note on Thursday, October 24th. Wells Fargo & Company lifted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Barclays cut their price objective on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Finally, UBS Group dropped their price target on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $355.67.

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.