Steward Partners Investment Advisory LLC Has $1.68 Million Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Steward Partners Investment Advisory LLC lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 50.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,758 shares of the company’s stock after selling 5,946 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Molina Healthcare were worth $1,676,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp increased its position in Molina Healthcare by 0.5% during the third quarter. State Street Corp now owns 2,614,311 shares of the company’s stock worth $900,787,000 after buying an additional 13,001 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Molina Healthcare by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock valued at $134,405,000 after purchasing an additional 10,030 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of Molina Healthcare by 166.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after purchasing an additional 122,674 shares during the last quarter. Swiss National Bank grew its position in shares of Molina Healthcare by 0.3% in the third quarter. Swiss National Bank now owns 173,900 shares of the company’s stock valued at $59,919,000 after purchasing an additional 500 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Molina Healthcare by 2.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,573 shares of the company’s stock valued at $43,533,000 after purchasing an additional 3,238 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on MOH shares. Stephens reaffirmed an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $295.00 to $372.00 in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Truist Financial cut their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Barclays cut their price target 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $355.69.

Molina Healthcare Stock Up 1.0 %

NYSE MOH opened at $327.11 on Friday. The business has a fifty day moving average price of $295.28 and a two-hundred day moving average price of $311.91. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $423.92. The stock has a market capitalization of $18.15 billion, a PE ratio of 16.01, a PEG ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Equities analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

About Molina Healthcare

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.