Wells Fargo & Company MN Sells 1,644 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Wells Fargo & Company MN reduced its stake in Molina Healthcare, Inc. (NYSE:MOH) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,294 shares of the company’s stock after selling 1,644 shares during the quarter. Wells Fargo & Company MN’s holdings in Molina Healthcare were worth $7,362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Integrated Quantitative Investments LLC bought a new position in shares of Molina Healthcare in the fourth quarter worth about $291,000. Prudential PLC raised its stake in Molina Healthcare by 3.1% during the 4th quarter. Prudential PLC now owns 3,130 shares of the company’s stock worth $911,000 after acquiring an additional 95 shares during the period. Westpac Banking Corp purchased a new position in Molina Healthcare during the fourth quarter valued at approximately $706,000. Headlands Technologies LLC boosted its position in shares of Molina Healthcare by 1,330.9% in the fourth quarter. Headlands Technologies LLC now owns 3,563 shares of the company’s stock worth $1,037,000 after purchasing an additional 3,314 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Molina Healthcare by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock worth $417,144,000 after purchasing an additional 34,992 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays decreased their price target on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Stephens reissued an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Mizuho upped their price target on Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 9th. UBS Group cut their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Finally, StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Molina Healthcare has an average rating of “Hold” and an average target price of $359.42.

Insiders Place Their Bets

In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.26% of the stock is owned by insiders.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $322.57 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $370.99. The company’s 50-day moving average price is $313.73 and its 200-day moving average price is $308.23. The company has a market cap of $17.64 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, equities research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

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.