Molina Healthcare, Inc. (NYSE:MOH) Stock Holdings Lessened by Utah Retirement Systems

Utah Retirement Systems lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,436 shares of the company’s stock after selling 100 shares during the quarter. Utah Retirement Systems’ holdings in Molina Healthcare were worth $2,746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc raised its position in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare in the fourth quarter worth $52,000. Hurley Capital LLC bought a new stake in Molina Healthcare in the fourth quarter valued at $55,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after acquiring an additional 88 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its position in shares of Molina Healthcare by 895.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company’s stock worth $58,000 after acquiring an additional 179 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Trading Up 1.6 %

Shares of NYSE:MOH opened at $318.04 on Friday. The stock has a market capitalization of $17.24 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $365.23. The company has a 50 day moving average price of $322.25 and a 200 day moving average price of $307.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The business had revenue of $11.15 billion for the quarter, compared to analysts’ expectations of $10.86 billion. During the same period in the previous year, the firm posted $5.73 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on MOH. Barclays boosted their target price on shares of Molina Healthcare from $339.00 to $362.00 and gave the company an “equal weight” rating in a research note on Friday, April 25th. UBS Group lowered their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Sanford C. Bernstein started coverage on Molina Healthcare in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 price target for the company. Truist Financial raised their price target on Molina Healthcare from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, April 11th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $375.00 price objective (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $365.38.

Insiders Place Their Bets

In other news, CEO Joseph M. Zubretsky sold 87,500 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total value of $28,005,250.00. Following the completion of the sale, the chief executive officer now owns 257,715 shares in the company, valued at $82,484,262.90. This represents a 25.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,169 shares of company stock worth $28,520,995. Company insiders own 1.10% of the company’s stock.

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.