Vestcor Inc Sells 1,715 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Vestcor Inc reduced its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 44.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,110 shares of the company's stock after selling 1,715 shares during the period. Vestcor Inc's holdings in Molina Healthcare were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. True Wealth Design LLC boosted its stake in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after buying an additional 100 shares during the period. Versant Capital Management Inc boosted its stake in shares of Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after buying an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of Molina Healthcare in the fourth quarter valued at approximately $52,000. EverSource Wealth Advisors LLC boosted its stake in shares of Molina Healthcare by 81.5% in the fourth 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 period. Finally, Financial Perspectives Inc bought a new stake in shares of Molina Healthcare in the fourth quarter valued at approximately $59,000. 98.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Molina Healthcare

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 $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stephens reaffirmed an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Barclays cut their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. UBS Group cut their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research report on Friday, February 7th. Finally, StockNews.com downgraded shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $355.69.

Molina Healthcare Stock Up 0.2 %

MOH stock traded up $0.73 during midday trading on Thursday, reaching $315.60. 565,297 shares of the company's stock traded hands, compared to its average volume of 607,639. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market cap of $17.52 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 1.06 and a beta of 0.56. The firm's fifty day moving average price is $298.86 and its 200-day moving average price is $309.90.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its 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%. As a group, sell-side analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

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.