Mutual of America Capital Management LLC Sells 358 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Mutual of America Capital Management LLC lowered its stake in Molina Healthcare, Inc. (NYSE:MOH) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 7,818 shares of the company’s stock after selling 358 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Molina Healthcare were worth $2,825,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Custom Index Systems LLC bought a new stake in shares of Molina Healthcare during the 4th quarter valued at about $341,000. Hendershot Investments Inc. boosted its position in shares of Molina Healthcare by 81.3% during the 4th quarter. Hendershot Investments Inc. now owns 18,010 shares of the company’s stock valued at $6,507,000 after acquiring an additional 8,078 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Molina Healthcare by 31.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,357 shares of the company’s stock valued at $490,000 after acquiring an additional 324 shares during the last quarter. Tobam bought a new stake in shares of Molina Healthcare during the 4th quarter valued at about $61,000. Finally, International Assets Investment Management LLC boosted its position in shares of Molina Healthcare by 31,696.0% during the 4th quarter. International Assets Investment Management LLC now owns 7,949 shares of the company’s stock valued at $2,872,000 after acquiring an additional 7,924 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock opened at $360.84 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54. The business’s 50 day simple moving average is $394.75 and its two-hundred day simple moving average is $370.71. The stock has a market capitalization of $21.14 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 1.00 and a beta of 0.47. Molina Healthcare, Inc. has a one year low of $266.35 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The business had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.35 billion. During the same period in the previous year, the firm earned $4.10 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts forecast that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Insider Activity

In other news, Director Richard M. Schapiro sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Mark Lowell Keim sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the transaction, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard M. Schapiro sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the transaction, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,711 shares of company stock valued at $6,472,517. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MOH. UBS Group raised their price objective on Molina Healthcare from $350.00 to $380.00 and gave the company a “neutral” rating in a report on Thursday, December 21st. Bank of America cut Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective on the stock. in a report on Thursday, March 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, April 4th. Wells Fargo & Company decreased their price objective on Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Barclays began coverage on Molina Healthcare in a report on Wednesday, March 6th. They set an “equal weight” rating and a $437.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Molina Healthcare has a consensus rating of “Hold” and an average price target of $393.09.

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.