SG Americas Securities LLC Sells 1,104 Shares of Molina Healthcare, Inc. (NYSE:MOH)

SG Americas Securities LLC lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOHGet Rating) by 22.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,865 shares of the company’s stock after selling 1,104 shares during the quarter. SG Americas Securities LLC’s holdings in Molina Healthcare were worth $1,275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Molina Healthcare by 18.4% during the 1st quarter. Vanguard Group Inc. now owns 6,449,375 shares of the company’s stock valued at $2,151,448,000 after buying an additional 1,001,372 shares in the last quarter. State Street Corp grew its holdings in Molina Healthcare by 25.6% during the 1st quarter. State Street Corp now owns 2,457,008 shares of the company’s stock valued at $819,633,000 after buying an additional 501,107 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Molina Healthcare by 38.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 991,683 shares of the company’s stock valued at $330,815,000 after buying an additional 276,909 shares in the last quarter. Invesco Ltd. grew its holdings in Molina Healthcare by 151.6% during the 1st quarter. Invesco Ltd. now owns 893,693 shares of the company’s stock valued at $298,128,000 after buying an additional 538,493 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Molina Healthcare by 21.3% during the 2nd quarter. Victory Capital Management Inc. now owns 803,075 shares of the company’s stock valued at $224,549,000 after buying an additional 141,243 shares in the last quarter. Institutional investors own 94.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MOH. Cowen raised their price target on Molina Healthcare from $371.00 to $380.00 in a report on Monday, November 7th. Credit Suisse Group lifted their target price on Molina Healthcare from $350.00 to $410.00 and gave the stock an “outperform” rating in a report on Thursday, October 27th. Barclays dropped their target price on Molina Healthcare from $400.00 to $375.00 and set an “overweight” rating for the company in a report on Wednesday, January 4th. Wells Fargo & Company dropped their target price on Molina Healthcare from $345.00 to $340.00 and set an “underweight” rating for the company in a report on Tuesday, January 3rd. Finally, StockNews.com started coverage on Molina Healthcare in a report on Wednesday, October 12th. They issued a “strong-buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $369.85.

Molina Healthcare Price Performance

MOH opened at $300.25 on Tuesday. The business has a fifty day moving average of $324.71 and a 200 day moving average of $328.44. Molina Healthcare, Inc. has a 52-week low of $249.78 and a 52-week high of $374.00. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.79. The stock has a market cap of $17.53 billion, a P/E ratio of 20.95, a PEG ratio of 0.78 and a beta of 0.76.

Molina Healthcare (NYSE:MOHGet Rating) last issued its earnings results on Wednesday, October 26th. The company reported $4.36 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.11. The business had revenue of $7.93 billion during the quarter, compared to analyst estimates of $7.86 billion. Molina Healthcare had a return on equity of 34.63% and a net margin of 2.69%. As a group, sell-side analysts anticipate that Molina Healthcare, Inc. will post 17.79 EPS for the current year.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 3,000 shares of Molina Healthcare stock in a transaction on Monday, October 31st. The stock was sold at an average price of $354.68, for a total transaction of $1,064,040.00. Following the completion of the sale, the director now directly owns 12,042 shares of the company’s stock, valued at approximately $4,271,056.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Molina Healthcare news, Director Richard M. Schapiro sold 3,000 shares of Molina Healthcare stock in a transaction on Monday, October 31st. The stock was sold at an average price of $354.68, for a total transaction of $1,064,040.00. Following the completion of the sale, the director now directly owns 12,042 shares of the company’s stock, valued at approximately $4,271,056.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marc Russo sold 1,500 shares of the business’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $351.17, for a total value of $526,755.00. Following the completion of the transaction, the executive vice president now directly owns 15,513 shares of the company’s stock, valued at $5,447,700.21. The disclosure for this sale can be found here. Insiders sold a total of 7,150 shares of company stock valued at $2,489,279 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Molina Healthcare Profile

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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.

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

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