Sit Investment Associates Inc. Sells 70 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Sit Investment Associates Inc. decreased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,615 shares of the company’s stock after selling 70 shares during the quarter. Sit Investment Associates Inc.’s holdings in Molina Healthcare were worth $1,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MOH. Versant Capital Management Inc raised its stake in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of Molina Healthcare during the fourth quarter valued at about $52,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock worth $57,000 after buying an additional 88 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of Molina Healthcare by 895.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company’s stock valued at $58,000 after acquiring an additional 179 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake 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 valued at $58,000 after acquiring an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial cut their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. UBS Group dropped their price target 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 decreased their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Molina Healthcare currently has an average rating of “Moderate Buy” and an average price target of $348.75.

Molina Healthcare Stock Down 1.7 %

NYSE:MOH opened at $347.26 on Monday. 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 firm’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 1-year low of $262.32 and a 1-year high of $383.58.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, equities analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal 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.