Molina Healthcare, Inc $MOH Stock Position Lessened by Voya Investment Management LLC

Voya Investment Management LLC decreased its holdings in Molina Healthcare, Inc (NYSE:MOH) by 17.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,021 shares of the company’s stock after selling 6,202 shares during the quarter. Voya Investment Management LLC owned 0.06% of Molina Healthcare worth $9,889,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rothschild Investment LLC grew its stake in shares of Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock worth $28,000 after purchasing an additional 48 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Molina Healthcare in the first quarter valued at $29,000. Deseret Mutual Benefit Administrators lifted its holdings in shares of Molina Healthcare by 60.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock valued at $30,000 after buying an additional 34 shares during the period. Elequin Capital LP lifted its holdings in shares of Molina Healthcare by 170.6% in the first quarter. Elequin Capital LP now owns 92 shares of the company’s stock valued at $30,000 after buying an additional 58 shares during the period. Finally, Silver Oak Securities Incorporated acquired a new stake in shares of Molina Healthcare in the first quarter valued at $34,000. Institutional investors own 98.50% of the company’s stock.

Insider Transactions at Molina Healthcare

In other news, Director Ronna Romney sold 700 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total transaction of $107,618.00. Following the transaction, the director owned 17,131 shares of the company’s stock, valued at approximately $2,633,719.94. This represents a 3.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO James Woys acquired 10,000 shares of the stock in a transaction dated Monday, August 4th. The shares were bought at an average cost of $155.94 per share, for a total transaction of $1,559,400.00. Following the acquisition, the chief operating officer owned 74,331 shares in the company, valued at $11,591,176.14. The trade was a 15.54% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Mizuho cut their price objective on Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, July 11th. Wall Street Zen lowered Molina Healthcare from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. Morgan Stanley lowered Molina Healthcare from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $364.00 to $266.00 in a report on Thursday, July 10th. Sanford C. Bernstein cut their price objective on Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating for the company in a report on Friday, September 5th. Finally, Truist Financial reaffirmed a “hold” rating and set a $180.00 target price (down from $335.00) on shares of Molina Healthcare in a report on Friday, July 25th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $225.18.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $176.47 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $9.56 billion, a P/E ratio of 8.70 and a beta of 0.54. The stock’s 50-day moving average is $177.21 and its two-hundred day moving average is $264.38. Molina Healthcare, Inc has a fifty-two week low of $151.95 and a fifty-two week high of $361.80.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 EPS for the quarter, missing analysts’ consensus estimates of $5.50 by ($0.02). The company had revenue of $11.43 billion for the quarter, compared to analyst estimates of $10.94 billion. Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $5.86 EPS. Analysts predict that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

About Molina Healthcare

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.