Handelsbanken Fonder AB Has $4.24 Million Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Handelsbanken Fonder AB lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 89.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

A number of other large investors have also made changes to their positions in MOH. Desjardins Global Asset Management Inc. increased its stake in shares of Molina Healthcare by 4.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company’s stock worth $276,000 after purchasing an additional 32 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Molina Healthcare by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock worth $585,000 after purchasing an additional 33 shares during the last quarter. New York Life Investment Management LLC increased its stake in shares of Molina Healthcare by 0.4% during the 3rd quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock worth $2,785,000 after purchasing an additional 36 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Molina Healthcare by 5.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock worth $250,000 after purchasing an additional 36 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in shares of Molina Healthcare by 40.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analysts Set New Price Targets

MOH has been the topic of several analyst reports. Barclays dropped their price target on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Thursday. Stephens reaffirmed an “equal weight” rating and set a $390.00 price objective on shares of Molina Healthcare in a report on Thursday. Wells Fargo & Company decreased their price objective on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. Truist Financial upped their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $396.09.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock opened at $352.30 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54. Molina Healthcare, Inc. has a fifty-two week low of $266.35 and a fifty-two week high of $423.92. The firm has a fifty day moving average price of $392.45 and a two-hundred day moving average price of $372.01. The company has a market cap 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 issued its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, beating analysts’ consensus estimates of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 30.99%. The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.45 billion. During the same period in the prior year, the firm earned $5.81 EPS. The business’s revenue was up 21.9% on a year-over-year basis. Analysts expect that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Insider Transactions at Molina Healthcare

In other news, Director Richard M. Schapiro sold 711 shares of the firm’s 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 completion of the transaction, the director now directly owns 12,207 shares of the company’s stock, valued at approximately $4,688,220.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Richard M. Schapiro sold 711 shares of the firm’s 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 completion of the transaction, the director now directly owns 12,207 shares of the company’s stock, valued at approximately $4,688,220.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard M. Schapiro sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The disclosure for this sale can be found here. In the last three months, insiders sold 16,711 shares of company stock valued at $6,472,517. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Profile

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.