Vanguard Group Inc. Reduces Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Vanguard Group Inc. lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,578,419 shares of the company's stock after selling 85,952 shares during the period. Vanguard Group Inc. owned about 11.50% of Molina Healthcare worth $1,914,649,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC boosted its holdings in shares of Molina Healthcare by 166.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company's stock worth $57,195,000 after purchasing an additional 122,674 shares during the period. Proficio Capital Partners LLC purchased a new stake in Molina Healthcare in the 4th quarter worth approximately $26,091,000. Victory Capital Management Inc. grew its position in shares of Molina Healthcare by 48.9% in the 4th quarter. Victory Capital Management Inc. now owns 141,184 shares of the company's stock worth $41,092,000 after buying an additional 46,350 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Molina Healthcare in the 4th quarter worth approximately $10,725,000. Finally, NFJ Investment Group LLC purchased a new position in shares of Molina Healthcare during the third quarter valued at approximately $7,432,000. Institutional investors own 98.50% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. UBS Group cut their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. Truist Financial cut their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company upgraded shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. Stephens restated an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Finally, StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $348.75.

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Molina Healthcare Stock Up 2.0 %

MOH stock traded up $6.59 on Monday, reaching $329.44. 518,979 shares of the company traded hands, compared to its average volume of 635,072. The firm has a fifty day simple moving average of $303.84 and a 200-day simple moving average of $308.59. The company has a market cap of $18.02 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $409.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly 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 net margin of 2.90% and a return on equity of 28.13%. Research analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The stock was 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 in the company, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

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.