Martingale Asset Management L P Lowers Stake in Molina Healthcare, Inc. (NYSE:MOH)

Martingale Asset Management L P decreased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 88.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,846 shares of the company’s stock after selling 29,407 shares during the quarter. Martingale Asset Management L P’s holdings in Molina Healthcare were worth $1,119,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Versant Capital Management Inc increased its position in shares of Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after buying an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare in the 4th quarter valued at $52,000. Hurley Capital LLC purchased a new stake in Molina Healthcare in the 4th quarter worth $55,000. EverSource Wealth Advisors LLC raised its position in Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock worth $57,000 after acquiring an additional 88 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its holdings in Molina Healthcare by 895.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company’s stock valued at $58,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Molina Healthcare Stock Up 0.8 %

Shares of MOH opened at $345.30 on Friday. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $378.92. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $310.39 and a two-hundred day simple moving average of $308.18. The company has a market capitalization of $18.89 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data 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 return on equity of 28.13% and a net margin of 2.90%. As a group, equities analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on MOH. Stephens reissued an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday. Truist Financial raised their target price on Molina Healthcare from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, Barclays lowered their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $355.75.

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.