Adage Capital Partners GP L.L.C. Sells 3,800 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Adage Capital Partners GP L.L.C. lessened its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,400 shares of the company's stock after selling 3,800 shares during the period. Adage Capital Partners GP L.L.C. owned 0.08% of Molina Healthcare worth $13,505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackBarn Capital Partners LP raised its stake in Molina Healthcare by 61.7% in the fourth quarter. BlackBarn Capital Partners LP now owns 97,000 shares of the company's stock valued at $28,232,000 after purchasing an additional 37,000 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Molina Healthcare by 63.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,386 shares of the company's stock valued at $1,568,000 after buying an additional 2,094 shares during the period. Norinchukin Bank The raised its position in shares of Molina Healthcare by 11.0% in the 4th quarter. Norinchukin Bank The now owns 2,767 shares of the company's stock valued at $805,000 after buying an additional 275 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Molina Healthcare by 58.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,685 shares of the company's stock worth $1,364,000 after acquiring an additional 1,719 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Molina Healthcare by 15.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company's stock worth $200,307,000 after acquiring an additional 91,229 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were 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 in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard M. Schapiro sold 669 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total transaction of $214,414.50. Following the sale, the director now owns 11,244 shares of the company's stock, valued at approximately $3,603,702. This trade represents a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Molina Healthcare Trading Down 4.1 %

Shares of NYSE:MOH traded down $13.51 during mid-day trading on Thursday, reaching $313.50. 671,381 shares of the company's stock were exchanged, compared to its average volume of 675,872. 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 twelve month low of $262.32 and a twelve month high of $365.23. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.06 and a beta of 0.70. The business's fifty day moving average price is $322.03 and its 200-day moving average price is $307.37.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.96 by $0.12. The firm had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.73 EPS. On average, research analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analyst Ratings Changes

MOH has been the subject of several research analyst reports. UBS Group lowered their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Truist Financial lifted 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, April 11th. Sanford C. Bernstein started coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 target price for the company. Finally, Guggenheim started coverage on shares of Molina Healthcare in a report on Wednesday, April 9th. They set a "neutral" rating on the stock. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $365.38.

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.