SG Americas Securities LLC Sells 15,804 Shares of Molina Healthcare, Inc. (NYSE:MOH)

SG Americas Securities LLC decreased its position in Molina Healthcare, Inc. (NYSE:MOH – Get Rating) by 86.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,554 shares of the company’s stock after selling 15,804 shares during the quarter. SG Americas Securities LLC’s holdings in Molina Healthcare were worth $852,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MOH. Covestor Ltd bought a new position in Molina Healthcare in the fourth quarter valued at about $25,000. Stonebridge Capital Advisors LLC bought a new position in shares of Molina Healthcare in the fourth quarter worth about $41,000. Sageworth Trust Co of South Dakota bought a new position in shares of Molina Healthcare in the fourth quarter worth about $57,000. UMB Bank N A MO bought a new position in shares of Molina Healthcare in the fourth quarter worth about $72,000. Finally, GraniteShares Advisors LLC bought a new position in shares of Molina Healthcare in the fourth quarter worth about $85,000. Institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

MOH has been the topic of several recent research reports. Barclays raised their price objective on Molina Healthcare from $340.00 to $380.00 and gave the stock a “maintains” rating in a research note on Friday. Bank of America downgraded Molina Healthcare from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $355.00 to $335.00 in a research note on Thursday, May 26th. Cowen lifted their target price on Molina Healthcare from $356.00 to $366.00 in a research note on Monday, May 2nd. Credit Suisse Group set a $321.00 target price on Molina Healthcare in a research note on Tuesday, July 19th. Finally, Loop Capital assumed coverage on Molina Healthcare in a research note on Thursday, June 16th. They set a “hold” rating and a $310.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Molina Healthcare presently has an average rating of “Moderate Buy” and a consensus price target of $344.71.

Molina Healthcare Stock Performance

NYSE MOH opened at $327.72 on Monday. The stock has a market capitalization of $19.24 billion, a PE ratio of 27.89, a P/E/G ratio of 1.09 and a beta of 0.80. The business has a 50 day simple moving average of $286.22 and a two-hundred day simple moving average of $304.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.44 and a quick ratio of 1.44. Molina Healthcare, Inc. has a 1-year low of $244.75 and a 1-year high of $350.19.

Molina Healthcare (NYSE:MOH – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.21. The business had revenue of $8.05 billion during the quarter, compared to analysts’ expectations of $7.69 billion. Molina Healthcare had a return on equity of 31.85% and a net margin of 2.37%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.40 EPS. On average, research analysts predict that Molina Healthcare, Inc. will post 17.19 EPS for the current fiscal year.

Insider Transactions at Molina Healthcare

In other news, Director Ronna Romney sold 200 shares of Molina Healthcare stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $307.94, for a total value of $61,588.00. Following the completion of the transaction, the director now owns 16,657 shares in the company, valued at approximately $5,129,356.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

About Molina Healthcare

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Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.