Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in Molina Healthcare, Inc. (NYSE:MOHGet Rating) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,696 shares of the company’s stock after selling 71 shares during the period. Janney Montgomery Scott LLC’s holdings in Molina Healthcare were worth $560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MOH. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Molina Healthcare by 3.8% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,090 shares of the company’s stock worth $2,821,000 after acquiring an additional 371 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Molina Healthcare by 17.2% in the first quarter. Bank of America Corp DE now owns 333,406 shares of the company’s stock valued at $111,220,000 after purchasing an additional 48,873 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Molina Healthcare by 1.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 32,434 shares of the company’s stock valued at $9,069,000 after purchasing an additional 429 shares in the last quarter. AdvisorNet Financial Inc increased its stake in Molina Healthcare by 8.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,161 shares of the company’s stock worth $383,000 after buying an additional 91 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its holdings in Molina Healthcare by 21.8% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 4,943 shares of the company’s stock worth $1,382,000 after buying an additional 886 shares in the last quarter. Institutional investors and hedge funds own 94.25% of the company’s stock.

Molina Healthcare Trading Down 0.2 %

Shares of NYSE MOH opened at $297.45 on Friday. The company has a market cap of $17.37 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 0.78 and a beta of 0.76. The stock’s 50 day simple moving average is $322.33 and its 200 day simple moving average is $328.56. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.79. Molina Healthcare, Inc. has a 12-month low of $249.78 and a 12-month high of $374.00.

Molina Healthcare (NYSE:MOHGet Rating) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $4.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.11. Molina Healthcare had a net margin of 2.69% and a return on equity of 34.63%. The company had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $7.86 billion. Equities research analysts expect that Molina Healthcare, Inc. will post 17.79 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MOH shares. Wells Fargo & Company dropped their target price on Molina Healthcare from $345.00 to $340.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 3rd. JPMorgan Chase & Co. assumed coverage on Molina Healthcare in a research note on Monday, October 3rd. They set an “overweight” rating and a $360.00 target price for the company. Barclays dropped their price target on shares of Molina Healthcare from $400.00 to $375.00 and set an “overweight” rating for the company in a research note on Wednesday, January 4th. Cowen raised their price objective on shares of Molina Healthcare from $371.00 to $380.00 in a report on Monday, November 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Molina Healthcare from $315.00 to $355.00 and gave the stock a “hold” rating in a research report on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $369.85.

Insider Activity

In related news, Director Ronna Romney sold 150 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $331.56, for a total value of $49,734.00. Following the sale, the director now directly owns 16,518 shares in the company, valued at approximately $5,476,708.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Molina Healthcare news, Director Ronna Romney sold 150 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $331.56, for a total transaction of $49,734.00. Following the sale, the director now directly owns 16,518 shares in the company, valued at approximately $5,476,708.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard M. Schapiro sold 3,000 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $354.68, for a total transaction of $1,064,040.00. Following the completion of the transaction, the director now owns 12,042 shares of the company’s stock, valued at $4,271,056.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,150 shares of company stock valued at $2,489,279. Insiders own 1.60% of the company’s stock.

About Molina Healthcare

(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.

Featured Articles

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.