Pitcairn Co. Trims Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Pitcairn Co. trimmed its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 29.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,269 shares of the company’s stock after selling 534 shares during the period. Pitcairn Co.’s holdings in Molina Healthcare were worth $369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Molina Healthcare during the 4th quarter worth about $134,675,000. Wellington Management Group LLP increased its position in shares of Molina Healthcare by 7.4% during the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock valued at $766,111,000 after acquiring an additional 181,073 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Molina Healthcare by 166.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after acquiring an additional 122,674 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Molina Healthcare in the 4th quarter worth approximately $26,091,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Molina Healthcare by 48.9% in the 4th quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock worth $41,092,000 after acquiring an additional 46,350 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MOH. 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 research note on Wednesday, March 5th. 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. Truist Financial cut their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Stephens restated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Finally, Barclays decreased 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 report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $348.75.

Molina Healthcare Trading Down 1.7 %

MOH opened at $347.26 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $383.58. The company has a market cap of $18.99 billion, a P/E ratio of 17.00, a PEG ratio of 1.06 and a beta of 0.56. The business’s 50-day simple moving average is $306.76 and its 200-day simple moving average is $308.73.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 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%. As a group, equities research analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the transaction, the director now owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

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.