Janney Montgomery Scott LLC Has $560,000 Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Janney Montgomery Scott LLC lowered its holdings in Molina Healthcare, Inc. (NYSE:MOHGet Rating) by 4.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,696 shares of the company’s stock after selling 71 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Molina Healthcare were worth $560,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in Molina Healthcare by 10.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 316 shares of the company’s stock valued at $88,000 after purchasing an additional 31 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Molina Healthcare by 0.5% in the second quarter. Captrust Financial Advisors now owns 6,315 shares of the company’s stock valued at $1,766,000 after buying an additional 33 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Molina Healthcare by 64.3% in the third quarter. Massmutual Trust Co. FSB ADV now owns 92 shares of the company’s stock valued at $30,000 after buying an additional 36 shares during the period. Arizona State Retirement System grew its position in Molina Healthcare by 0.3% during the second quarter. Arizona State Retirement System now owns 16,299 shares of the company’s stock worth $4,557,000 after buying an additional 43 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Molina Healthcare by 4.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,191 shares of the company’s stock valued at $333,000 after acquiring an additional 53 shares in the last quarter. 94.25% of the stock is owned by institutional investors.

Molina Healthcare Trading Down 0.2 %

Shares of MOH opened at $297.45 on Friday. The stock has a fifty day moving average price of $322.33 and a two-hundred day moving average price of $328.56. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $17.37 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 0.78 and a beta of 0.76. Molina Healthcare, Inc. has a 52-week low of $249.78 and a 52-week high of $374.00.

Molina Healthcare (NYSE:MOHGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $4.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.11. The business had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $7.86 billion. Molina Healthcare had a net margin of 2.69% and a return on equity of 34.63%. Analysts predict that Molina Healthcare, Inc. will post 17.79 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays lowered their price objective on Molina Healthcare from $400.00 to $375.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 4th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Molina Healthcare from $315.00 to $355.00 and gave the stock a “hold” rating in a report on Tuesday, November 1st. Cowen upped their target price on shares of Molina Healthcare from $371.00 to $380.00 in a research note on Monday, November 7th. Credit Suisse Group raised their price target on shares of Molina Healthcare from $350.00 to $410.00 and gave the stock an “outperform” rating in a research note on Thursday, October 27th. Finally, Cowen upped their price objective on Molina Healthcare from $371.00 to $380.00 in a research note on Monday, November 7th. One analyst has rated the stock with a sell rating, three have given 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.com, Molina Healthcare presently has a consensus rating of “Moderate Buy” and an average target price of $369.85.

Insider Activity

In related news, Director Ronna Romney sold 150 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $331.56, for a total value of $49,734.00. Following the completion of the transaction, the director now owns 16,518 shares in the company, valued at approximately $5,476,708.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Richard M. Schapiro sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $354.68, for a total transaction of $1,064,040.00. Following the completion of the sale, the director now directly owns 12,042 shares of the company’s stock, valued at $4,271,056.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronna Romney sold 150 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $331.56, for a total transaction of $49,734.00. Following the completion of the transaction, the director now directly owns 16,518 shares in the company, valued at $5,476,708.08. The disclosure for this sale can be found here. Insiders have sold 7,150 shares of company stock valued at $2,489,279 over the last three months. 1.60% of the stock is owned by insiders.

Molina Healthcare Profile

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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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