Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in Molina Healthcare, Inc. (NYSE:MOH) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 138,642 shares of the company’s stock after selling 4,446 shares during the period. Rhumbline Advisers owned about 0.24% of Molina Healthcare worth $40,352,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC boosted its holdings in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc boosted 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 shares of Molina Healthcare in the fourth quarter valued at $52,000. Capital Performance Advisors LLP purchased a new stake in Molina Healthcare during the third quarter worth about $62,000. Finally, AM Squared Ltd lifted its holdings in Molina Healthcare by 50.0% during the 3rd quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after buying an additional 100 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MOH has been the subject of a number of analyst reports. Stephens reissued an “equal weight” rating and set a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. Barclays reduced their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Truist Financial lowered their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, Robert W. Baird decreased their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $355.67.

Molina Healthcare Stock Performance

Shares of MOH opened at $272.28 on Tuesday. The company has a 50-day moving average of $294.57 and a two-hundred day moving average of $315.79. The stock has a market cap of $15.57 billion, a P/E ratio of 13.33, a PEG ratio of 0.94 and a beta of 0.54. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $423.92. The company has a current ratio of 1.62, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, research analysts predict that Molina Healthcare, Inc. will post 24.5 EPS for the current fiscal year.

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.