Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Swiss National Bank

Swiss National Bank decreased its stake in Molina Healthcare, Inc. (NYSE:MOH) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 182,300 shares of the company’s stock after selling 5,200 shares during the quarter. Swiss National Bank’s holdings in Molina Healthcare were worth $65,867,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in Molina Healthcare by 1.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 17,879 shares of the company’s stock worth $5,862,000 after buying an additional 192 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Molina Healthcare during the third quarter worth approximately $204,000. Raymond James Financial Services Advisors Inc. raised its stake in Molina Healthcare by 59.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,908 shares of the company’s stock valued at $626,000 after purchasing an additional 711 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Molina Healthcare by 47.2% in the 3rd quarter. Lindbrook Capital LLC now owns 159 shares of the company’s stock valued at $52,000 after purchasing an additional 51 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Molina Healthcare by 14.2% during the 3rd quarter. Mackenzie Financial Corp now owns 6,503 shares of the company’s stock worth $2,095,000 after purchasing an additional 811 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MOH shares. Stephens reiterated an “equal weight” rating and issued a $390.00 target price on shares of Molina Healthcare in a research report on Thursday, April 25th. Bank of America downgraded shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective for the company. in a report on Thursday, March 28th. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. TD Cowen dropped their price target on Molina Healthcare from $453.00 to $412.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Finally, Barclays reduced their price objective on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $398.55.

Molina Healthcare Trading Up 0.0 %

Shares of Molina Healthcare stock opened at $339.68 on Monday. The stock has a 50 day moving average of $384.15 and a 200 day moving average of $371.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $19.91 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.04 and a beta of 0.54. Molina Healthcare, Inc. has a fifty-two week low of $266.35 and a fifty-two week high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, topping analysts’ consensus estimates of $5.46 by $0.27. The business had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.45 billion. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the business posted $5.81 EPS. As a group, research analysts predict that Molina Healthcare, Inc. will post 23.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Richard M. Schapiro sold 711 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the sale, the director now directly owns 12,207 shares of the company’s stock, valued at approximately $4,688,220.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the sale, the director now owns 12,207 shares in the company, valued at approximately $4,688,220.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Lowell Keim sold 15,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the transaction, the chief financial officer now owns 36,531 shares in the company, valued at $14,121,423.36. The disclosure for this sale can be found here. Insiders sold a total of 16,711 shares of company stock valued at $6,472,517 over the last 90 days. 1.11% of the stock is owned by company insiders.

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.