Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC trimmed its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 50.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,758 shares of the company's stock after selling 5,946 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Molina Healthcare were worth $1,676,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MOH. SRS Capital Advisors Inc. boosted its holdings in Molina Healthcare by 300.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 593 shares of the company's stock valued at $173,000 after purchasing an additional 445 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Molina Healthcare by 123.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock valued at $100,000 after acquiring an additional 192 shares during the last quarter. US Bancorp DE raised its holdings in Molina Healthcare by 22.3% in the 4th quarter. US Bancorp DE now owns 1,993 shares of the company's stock valued at $580,000 after buying an additional 364 shares during the last quarter. Versor Investments LP acquired a new position in shares of Molina Healthcare during the fourth quarter worth $667,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Molina Healthcare in the 4th quarter valued at about $26,091,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Steven J. Orlando sold 1,000 shares of the 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 completion of the transaction, the director now owns 17,375 shares of the company's stock, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.11% of the company's stock.

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Molina Healthcare Trading Down 3.0 %

Molina Healthcare stock traded down $9.78 during mid-day trading on Wednesday, hitting $315.03. The company's stock had a trading volume of 565,760 shares, compared to its average volume of 768,743. The stock has a market cap of $17.48 billion, a PE ratio of 15.42, a P/E/G ratio of 1.06 and a beta of 0.56. The company has a 50 day moving average of $296.83 and a 200-day moving average of $311.18. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. 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 (NYSE:MOH - Get Free Report) last posted its quarterly earnings data 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 return on equity of 28.13% and a net margin of 2.90%. On average, research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays lowered their target price on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Stephens restated an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Mizuho dropped their target price on shares of Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. restated a "neutral" rating and set a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, Truist Financial cut their price target on Molina Healthcare from $370.00 to $340.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $355.69.

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.