Molina Healthcare, Inc. (NYSE:MOH) Holdings Trimmed by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,337 shares of the company’s stock after selling 100 shares during the period. Handelsbanken Fonder AB’s holdings in Molina Healthcare were worth $4,173,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MOH. Creative Planning boosted its stake in shares of Molina Healthcare by 2.7% during the 3rd quarter. Creative Planning now owns 8,454 shares of the company’s stock valued at $2,913,000 after buying an additional 226 shares during the period. Blue Trust Inc. lifted its stake in shares of Molina Healthcare by 84.9% in the 3rd quarter. Blue Trust Inc. now owns 479 shares of the company’s stock valued at $165,000 after purchasing an additional 220 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Molina Healthcare by 59.9% in the 3rd quarter. Raymond James & Associates now owns 42,298 shares of the company’s stock valued at $14,574,000 after purchasing an additional 15,840 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Molina Healthcare by 11.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,195 shares of the company’s stock worth $412,000 after acquiring an additional 124 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in Molina Healthcare during the 3rd quarter worth $215,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. UBS Group dropped their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Truist Financial dropped their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, Barclays lowered their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $353.17.

Molina Healthcare Stock Down 2.6 %

Shares of MOH stock opened at $283.89 on Monday. The firm has a fifty day moving average of $293.21 and a 200-day moving average of $314.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $423.92. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.06 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) 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%. As a group, equities research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share 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.