Mn Services Vermogensbeheer B.V. Trims Stake in Molina Healthcare, Inc. (NYSE:MOH)

Mn Services Vermogensbeheer B.V. cut its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,800 shares of the company’s stock after selling 100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Molina Healthcare were worth $7,856,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MOH. Swedbank AB bought a new stake in Molina Healthcare in the first quarter worth about $69,320,000. Jupiter Asset Management Ltd. lifted its stake in shares of Molina Healthcare by 434.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company’s stock worth $55,181,000 after acquiring an additional 150,890 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Molina Healthcare by 36.2% during the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after acquiring an additional 123,121 shares during the period. Renaissance Technologies LLC boosted its holdings in Molina Healthcare by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock valued at $282,343,000 after acquiring an additional 111,154 shares during the period. Finally, Boston Partners grew its position in Molina Healthcare by 14.8% in the 1st quarter. Boston Partners now owns 798,950 shares of the company’s stock valued at $328,101,000 after acquiring an additional 103,245 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Molina Healthcare

In other news, CAO Maurice Hebert sold 393 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the transaction, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MOH shares. TD Cowen lowered their target price on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lowered their price objective on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. 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 report on Monday. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Truist Financial reduced their price objective on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.17.

Molina Healthcare Trading Up 0.8 %

MOH opened at $333.39 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.13 and a beta of 0.59. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The stock has a fifty day moving average price of $332.15 and a 200-day moving average price of $327.38.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same period in the prior year, the firm posted $5.05 earnings per share. The company’s quarterly revenue was up 21.0% on a year-over-year basis. As a group, equities research analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

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.