Commerce Bank Trims Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Commerce Bank trimmed its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 59.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,384 shares of the company's stock after selling 7,931 shares during the period. Commerce Bank's holdings in Molina Healthcare were worth $1,567,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Capital Group Private Client Services Inc. boosted its position in Molina Healthcare by 21.0% during the fourth quarter. Capital Group Private Client Services Inc. now owns 10,148 shares of the company's stock worth $2,954,000 after acquiring an additional 1,763 shares during the last quarter. Capital International Sarl boosted its holdings in shares of Molina Healthcare by 49.5% during the 4th quarter. Capital International Sarl now owns 3,725 shares of the company's stock worth $1,084,000 after purchasing an additional 1,233 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Molina Healthcare by 48.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 79,380 shares of the company's stock valued at $23,104,000 after purchasing an additional 26,004 shares in the last quarter. Farringdon Capital Ltd. acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at approximately $513,000. Finally, United Capital Financial Advisors LLC increased its holdings in shares of Molina Healthcare by 43.2% in the fourth quarter. United Capital Financial Advisors LLC now owns 958 shares of the company's stock valued at $279,000 after purchasing an additional 289 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Mizuho raised their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 9th. UBS Group decreased their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. Robert W. Baird restated a "neutral" rating and set a $375.00 price target (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Finally, Truist Financial upped their price objective on Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $365.38.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare 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 completion of the sale, the director now directly owns 17,375 shares of the company's stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Molina Healthcare Stock Up 0.3 %

MOH stock traded up $0.88 during midday trading on Friday, hitting $314.69. The company's stock had a trading volume of 755,041 shares, compared to its average volume of 672,550. The firm has a 50-day simple moving average of $319.39 and a 200-day simple moving average of $307.40. The firm has a market capitalization of $17.21 billion, a P/E ratio of 15.40, a PEG ratio of 1.06 and a beta of 0.70. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.86 by $0.22. The firm had revenue of $11.15 billion during the quarter, compared to analysts' expectations of $10.86 billion. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. During the same period in the previous year, the firm posted $5.73 EPS. As a group, equities analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

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.