Mutual of America Capital Management LLC Cuts Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Mutual of America Capital Management LLC lessened its holdings in Molina Healthcare, Inc. (NYSE:MOHGet Rating) by 85.1% during the first quarter, HoldingsChannel.com reports. The fund owned 7,786 shares of the company’s stock after selling 44,443 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Molina Healthcare were worth $2,597,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new stake in Molina Healthcare during the 4th quarter valued at $38,143,000. Parallel Advisors LLC grew its position in shares of Molina Healthcare by 25.1% during the 1st quarter. Parallel Advisors LLC now owns 319 shares of the company’s stock valued at $109,000 after buying an additional 64 shares during the last quarter. Victory Capital Management Inc. raised its stake in Molina Healthcare by 0.8% during the fourth quarter. Victory Capital Management Inc. now owns 580,060 shares of the company’s stock worth $184,506,000 after acquiring an additional 4,684 shares during the period. Bank of America Corp DE raised its stake in Molina Healthcare by 8.5% during the fourth quarter. Bank of America Corp DE now owns 284,533 shares of the company’s stock worth $90,504,000 after acquiring an additional 22,347 shares during the period. Finally, Argent Capital Management LLC increased its stake in shares of Molina Healthcare by 1.7% in the fourth quarter. Argent Capital Management LLC now owns 9,444 shares of the company’s stock valued at $3,004,000 after purchasing an additional 158 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MOH. Wells Fargo & Company lowered their price objective on shares of Molina Healthcare from $308.00 to $301.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 25th. Cowen lifted their target price on shares of Molina Healthcare from $356.00 to $366.00 in a report on Monday, May 2nd. Bank of America downgraded shares of Molina Healthcare from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $355.00 to $335.00 in a report on Thursday, May 26th. Truist Financial raised their price target on shares of Molina Healthcare from $360.00 to $390.00 in a research report on Thursday, April 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Molina Healthcare from $308.00 to $311.00 in a research report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Molina Healthcare currently has an average rating of “Moderate Buy” and an average price target of $340.36.

Molina Healthcare Stock Up 3.7 %

Molina Healthcare stock opened at $317.09 on Friday. The stock has a market capitalization of $18.61 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.09 and a beta of 0.80. Molina Healthcare, Inc. has a twelve month low of $243.32 and a twelve month high of $350.19. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average of $285.86 and a 200-day moving average of $303.69.

Molina Healthcare (NYSE:MOHGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.21. Molina Healthcare had a net margin of 2.37% and a return on equity of 31.85%. The company had revenue of $8.05 billion during the quarter, compared to analysts’ expectations of $7.69 billion. During the same quarter in the prior year, the company earned $3.40 earnings per share. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, equities research analysts anticipate that Molina Healthcare, Inc. will post 17.19 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ronna Romney sold 200 shares of the stock in a transaction on Friday, May 6th. The shares were sold at an average price of $307.94, for a total transaction of $61,588.00. Following the completion of the transaction, the director now owns 16,657 shares in the company, valued at $5,129,356.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Molina Healthcare Company Profile

(Get Rating)

Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

Recommended Stories

Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare, Inc. (NYSE:MOHGet Rating).

Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.