Handelsbanken Fonder AB Sells 98,400 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Handelsbanken Fonder AB reduced its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 89.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,737 shares of the company’s stock after selling 98,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Molina Healthcare were worth $4,241,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Molina Healthcare during the third quarter worth $30,000. VisionPoint Advisory Group LLC raised its position in Molina Healthcare by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock worth $36,000 after acquiring an additional 57 shares in the last quarter. Friedenthal Financial bought a new stake in Molina Healthcare during the fourth quarter worth $43,000. Householder Group Estate & Retirement Specialist LLC raised its position in Molina Healthcare by 3,933.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock worth $43,000 after acquiring an additional 118 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its position in Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after acquiring an additional 36 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the sale, the director now directly owns 12,207 shares in the company, valued at $4,688,220.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the sale, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard M. Schapiro sold 711 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the sale, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders have sold 16,711 shares of company stock worth $6,472,517 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Down 4.1 %

MOH stock opened at $352.30 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54. The company’s 50-day simple moving average is $392.45 and its 200 day simple moving average is $372.01. Molina Healthcare, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92. The company has a market capitalization of $20.64 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.47.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.46 by $0.27. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.45 billion. Molina Healthcare had a net margin of 2.99% and a return on equity of 30.99%. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the company posted $5.81 earnings per share. As a group, sell-side analysts anticipate that Molina Healthcare, Inc. will post 23.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Bank of America lowered shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective on the stock. in a research report on Thursday, March 28th. Barclays dropped their price objective on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday. Stephens reissued an “equal weight” rating and issued a $390.00 price objective on shares of Molina Healthcare in a research report on Thursday. Finally, Truist Financial increased their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Molina Healthcare has a consensus rating of “Hold” and a consensus target price of $396.09.

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.