Trust Point Inc. Sells 437 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Trust Point Inc. decreased its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 24.2% in the 1st quarter, HoldingsChannel reports. The fund owned 1,369 shares of the company’s stock after selling 437 shares during the period. Trust Point Inc.’s holdings in Molina Healthcare were worth $451,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Angeles Investment Advisors LLC increased its holdings in shares of Molina Healthcare by 5.4% during the fourth quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock valued at $244,000 after acquiring an additional 43 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Molina Healthcare by 2.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,346 shares of the company’s stock worth $683,000 after buying an additional 48 shares in the last quarter. Rothschild Investment LLC grew its holdings in Molina Healthcare by 126.3% during the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock worth $28,000 after buying an additional 48 shares in the last quarter. Lindbrook Capital LLC grew its holdings in Molina Healthcare by 38.5% during the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock worth $60,000 after buying an additional 57 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC grew its holdings in Molina Healthcare by 7.1% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 877 shares of the company’s stock worth $255,000 after buying an additional 58 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Down 2.7%

Shares of NYSE MOH opened at $290.17 on Tuesday. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $365.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The business’s fifty day moving average price is $315.31 and its 200-day moving average price is $307.29. The stock has a market capitalization of $15.73 billion, a PE ratio of 14.20, a P/E/G ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, beating analysts’ consensus estimates of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The firm had revenue of $11.15 billion for the quarter, compared to analysts’ expectations of $10.86 billion. During the same quarter in the prior year, the firm earned $5.73 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insider Activity

In other Molina Healthcare news, CEO Joseph M. Zubretsky sold 87,500 shares of Molina Healthcare stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the transaction, the chief executive officer now owns 257,715 shares of the company’s stock, valued at $82,484,262.90. The trade was a 25.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard M. Schapiro sold 669 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total transaction of $214,414.50. Following the completion of the sale, the director now directly owns 11,244 shares in the company, valued at approximately $3,603,702. The trade was a 5.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MOH shares. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. Truist Financial upped their price target on Molina Healthcare from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Sanford C. Bernstein started coverage on Molina Healthcare in a report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 price target for the company. Mizuho boosted their price objective on Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 9th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $375.00 price objective (up previously from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $364.21.

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.