Caisse DE Depot ET Placement DU Quebec Reduces Stock Position in Molina Healthcare, Inc $MOH

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in Molina Healthcare, selling 71,406 shares and decreasing its holdings by 79.1% to 18,875 shares.
• Institutional investors currently hold 98.50% of Molina Healthcare's stock, with several firms modifying their positions, including Teacher Retirement System of Texas and Wealth Enhancement Advisory Services LLC.
• Molina Healthcare reported a net margin of 2.60% and revenue of $11.43 billion for the last quarter, exceeding analysts' estimates despite a slight EPS miss.

Caisse DE Depot ET Placement DU Quebec decreased its stake in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 79.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,875 shares of the company's stock after selling 71,406 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Molina Healthcare were worth $6,217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new position in Molina Healthcare during the first quarter valued at approximately $2,759,000. Farther Finance Advisors LLC lifted its position in Molina Healthcare by 100.3% during the first quarter. Farther Finance Advisors LLC now owns 659 shares of the company's stock valued at $216,000 after purchasing an additional 330 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in Molina Healthcare during the first quarter valued at approximately $1,070,000. Wealth Enhancement Advisory Services LLC lifted its position in Molina Healthcare by 82.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,635 shares of the company's stock valued at $5,150,000 after purchasing an additional 7,051 shares during the period. Finally, Wealthcare Advisory Partners LLC bought a new position in Molina Healthcare during the first quarter valued at approximately $255,000. Institutional investors own 98.50% of the company's stock.

Insider Buying and Selling at Molina Healthcare

In related news, COO James Woys bought 10,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average cost of $155.94 per share, with a total value of $1,559,400.00. Following the completion of the purchase, the chief operating officer owned 74,331 shares of the company's stock, valued at approximately $11,591,176.14. The trade was a 15.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronna Romney sold 700 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total transaction of $107,618.00. Following the transaction, the director directly owned 17,131 shares of the company's stock, valued at $2,633,719.94. The trade was a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MOH shares. JPMorgan Chase & Co. decreased their price target on shares of Molina Healthcare from $272.00 to $184.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th. Morgan Stanley downgraded shares of Molina Healthcare from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $364.00 to $266.00 in a research report on Thursday, July 10th. Wells Fargo & Company decreased their price target on shares of Molina Healthcare from $216.00 to $198.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. Robert W. Baird decreased their price target on shares of Molina Healthcare from $373.00 to $179.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Finally, Truist Financial reiterated a "hold" rating and issued a $180.00 price target (down from $335.00) on shares of Molina Healthcare in a research report on Friday, July 25th. Three analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $242.91.

Molina Healthcare Price Performance

MOH traded up $2.45 during trading on Tuesday, hitting $183.28. 916,650 shares of the company traded hands, compared to its average volume of 1,009,265. The company has a market cap of $9.93 billion, a PE ratio of 9.02 and a beta of 0.54. The stock's 50-day simple moving average is $197.14 and its two-hundred day simple moving average is $272.61. Molina Healthcare, Inc has a 1 year low of $151.95 and a 1 year high of $365.23. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.77.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing the consensus estimate of $5.50 by ($0.02). The company had revenue of $11.43 billion for the quarter, compared to analysts' expectations of $10.94 billion. Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The business's revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $5.86 earnings per share. As a group, sell-side analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Molina Healthcare Company 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.