Aster Capital Management DIFC Ltd Sells 1,937 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Aster Capital Management DIFC Ltd reduced its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 48.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,071 shares of the company’s stock after selling 1,937 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Molina Healthcare were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc raised its holdings in shares of Molina Healthcare by 83.1% during the fourth 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 last quarter. Wingate Wealth Advisors Inc. purchased a new position in Molina Healthcare in the 4th quarter valued at about $52,000. Hurley Capital LLC purchased a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $55,000. EverSource Wealth Advisors LLC boosted its stake in Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock worth $57,000 after purchasing an additional 88 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Molina Healthcare by 337.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company’s stock worth $58,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MOH. Truist Financial lowered their price objective on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Mizuho lowered their price objective on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. UBS Group dropped their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Barclays dropped their price target on shares of 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. Finally, Stephens restated an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $348.75.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was 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 of the company’s stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Down 1.7 %

NYSE:MOH opened at $347.26 on Monday. The stock’s 50 day moving average price is $306.76 and its 200 day moving average price is $308.09. The company has a market capitalization of $18.99 billion, a PE ratio of 17.00, a P/E/G ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $383.58. 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 (NYSE:MOH) last issued its quarterly earnings results 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 net margin of 2.90% and a return on equity of 28.13%. On average, research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current 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.