Molina Healthcare, Inc. (NYSE:MOH) Stake Reduced by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOHFree Report) by 21.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,938 shares of the company’s stock after selling 3,564 shares during the period. Orion Portfolio Solutions LLC’s holdings in Molina Healthcare were worth $4,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Desjardins Global Asset Management Inc. boosted its holdings in Molina Healthcare by 4.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company’s stock worth $276,000 after buying an additional 32 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of Molina Healthcare by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock worth $585,000 after acquiring an additional 33 shares during the last quarter. New York Life Investment Management LLC raised its position in shares of Molina Healthcare by 0.4% during the third quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock worth $2,785,000 after purchasing an additional 36 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of Molina Healthcare by 5.0% during the third quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock valued at $250,000 after purchasing an additional 36 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in shares of Molina Healthcare by 40.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock valued at $41,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MOH. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Truist Financial raised their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. TD Cowen lowered their price objective on shares of Molina Healthcare from $453.00 to $412.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, April 4th. Finally, Bank of America downgraded Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target on the stock. in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $404.90.

Get Our Latest Report on Molina Healthcare

Insider Activity at Molina Healthcare

In other Molina Healthcare news, COO James Woys sold 10,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the transaction, the chief operating officer now directly owns 53,613 shares of the company’s stock, valued at $18,504,526.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Molina Healthcare news, COO James Woys sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the completion of the sale, the chief operating officer now owns 53,613 shares of the company’s stock, valued at $18,504,526.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronna Romney sold 250 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total value of $85,817.50. Following the transaction, the director now owns 16,945 shares in the company, valued at approximately $5,816,710.15. The disclosure for this sale can be found here. 1.11% of the stock is owned by company insiders.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $332.13 on Monday. Molina Healthcare, Inc. has a fifty-two week low of $266.35 and a fifty-two week high of $423.92. The stock’s 50-day moving average is $368.87 and its two-hundred day moving average is $372.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $19.46 billion, a P/E ratio of 18.02, a PEG ratio of 1.02 and a beta of 0.54.

Molina Healthcare (NYSE:MOHGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, topping analysts’ consensus estimates of $5.46 by $0.27. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.45 billion. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.81 earnings per share. Analysts predict that Molina Healthcare, Inc. will post 23.57 earnings per share for the current fiscal year.

Molina Healthcare Company Profile

(Free Report)

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.

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

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