National Pension Service Cuts Position in Molina Healthcare, Inc. (NYSE:MOH)

National Pension Service lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH – Get Rating) by 3.5% during the third quarter, HoldingsChannel reports. The firm owned 95,477 shares of the company’s stock after selling 3,480 shares during the period. National Pension Service’s holdings in Molina Healthcare were worth $31,612,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MOH. Private Trust Co. NA purchased a new stake in shares of Molina Healthcare during the second quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Molina Healthcare by 64.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 92 shares of the company’s stock valued at $30,000 after purchasing an additional 36 shares during the period. Guardian Wealth Advisors LLC purchased a new stake in shares of Molina Healthcare during the third quarter valued at approximately $31,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Molina Healthcare during the first quarter valued at approximately $40,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Molina Healthcare by 85.9% during the first quarter. Parkside Financial Bank & Trust now owns 132 shares of the company’s stock valued at $44,000 after purchasing an additional 61 shares during the period. Hedge funds and other institutional investors own 94.25% of the company’s stock.

Insider Activity

In other news, Director Daniel Cooperman sold 5,000 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $276.77, for a total transaction of $1,383,850.00. Following the completion of the transaction, the director now owns 4,944 shares of the company’s stock, valued at $1,368,350.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stephens reissued an “equal weight” rating and set a $375.00 price target on shares of Molina Healthcare in a research report on Thursday, February 9th. Bank of America raised shares of Molina Healthcare from an “underperform” rating to a “neutral” rating and set a $388.00 price target for the company in a research report on Tuesday, December 13th. Credit Suisse Group decreased their price target on shares of Molina Healthcare from $395.00 to $347.00 and set an “outperform” rating for the company in a research report on Friday, February 10th. Truist Financial decreased their price target on shares of Molina Healthcare from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Friday, February 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Molina Healthcare from $360.00 to $348.00 and set an “overweight” rating for the company in a research report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $358.64.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $263.78 on Friday. The company has a market cap of $15.27 billion, a PE ratio of 19.47, a P/E/G ratio of 0.68 and a beta of 0.66. The company has a fifty day moving average price of $291.15 and a two-hundred day moving average price of $321.72. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.47 and a quick ratio of 1.47. Molina Healthcare, Inc. has a 12 month low of $249.78 and a 12 month high of $374.00.

Molina Healthcare (NYSE:MOH – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $4.06 by $0.04. The firm had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $7.87 billion. Molina Healthcare had a net margin of 2.48% and a return on equity of 36.05%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.88 earnings per share. Research analysts expect that Molina Healthcare, Inc. will post 19.76 earnings per share for the current year.

Molina Healthcare Profile

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Molina Healthcare, Inc engages in the provision of health care services. It operates through the following segments: Medicaid, Medicare, Marketplace, and Other. The company was founded by C. David Molina in 1980 and is headquartered in Long Beach, CA.