Fulton Bank N.A. Sells 76 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Fulton Bank N.A. cut its holdings in shares of Molina Healthcare, Inc. (NYSE:MOHGet Rating) by 8.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 864 shares of the company’s stock after selling 76 shares during the period. Fulton Bank N.A.’s holdings in Molina Healthcare were worth $242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd bought a new position in shares of Molina Healthcare during the fourth quarter valued at approximately $25,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Molina Healthcare by 123.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 76 shares of the company’s stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Prospera Financial Services Inc bought a new position in shares of Molina Healthcare during the first quarter valued at approximately $26,000. JFS Wealth Advisors LLC boosted its stake in shares of Molina Healthcare by 447.1% during the first quarter. JFS Wealth Advisors LLC now owns 93 shares of the company’s stock valued at $31,000 after purchasing an additional 76 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in Molina Healthcare during the first quarter valued at approximately $40,000. 95.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MOH shares. Loop Capital started coverage on shares of Molina Healthcare in a research report on Thursday, June 16th. They set a “hold” rating and a $310.00 target price for the company. Bank of America cut shares of Molina Healthcare from a “buy” rating to an “underperform” rating and decreased their target price for the company from $355.00 to $335.00 in a research report on Thursday, May 26th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Molina Healthcare from $311.00 to $315.00 in a research report on Monday, August 1st. Cowen raised their price target on shares of Molina Healthcare to $371.00 in a report on Tuesday, August 9th. Finally, Credit Suisse Group set a $321.00 price target on shares of Molina Healthcare in a report on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Molina Healthcare has an average rating of “Moderate Buy” and an average price target of $344.14.

Insider Activity

In other Molina Healthcare news, Director Dale B. Wolf sold 2,000 shares of Molina Healthcare stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $327.99, for a total transaction of $655,980.00. Following the transaction, the director now directly owns 11,824 shares of the company’s stock, valued at $3,878,153.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Molina Healthcare news, Director Daniel Cooperman sold 2,500 shares of Molina Healthcare stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $346.00, for a total transaction of $865,000.00. Following the transaction, the director now directly owns 4,610 shares of the company’s stock, valued at $1,595,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dale B. Wolf sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $327.99, for a total transaction of $655,980.00. Following the completion of the sale, the director now directly owns 11,824 shares in the company, valued at $3,878,153.76. The disclosure for this sale can be found here. Insiders have sold a total of 57,456 shares of company stock worth $19,253,691 over the last 90 days. 1.49% of the stock is currently owned by company insiders.

Molina Healthcare Stock Down 0.7 %

MOH stock opened at $339.37 on Monday. The firm’s fifty day moving average is $324.37 and its 200 day moving average is $313.05. Molina Healthcare, Inc. has a one year low of $249.78 and a one year high of $361.25. The firm has a market cap of $19.72 billion, a PE ratio of 26.43, a P/E/G ratio of 1.15 and a beta of 0.83. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.43 and a current ratio of 1.43.

Molina Healthcare (NYSE:MOHGet Rating) last announced its earnings results on Wednesday, July 27th. The company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.21. Molina Healthcare had a net margin of 2.48% and a return on equity of 32.97%. The business had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.69 billion. During the same quarter last year, the business earned $3.40 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, research analysts forecast that Molina Healthcare, Inc. will post 17.66 EPS for the current year.

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.

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

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