Molina Healthcare, Inc. (NYSE:MOH) Stock Holdings Lowered by Cetera Investment Advisers

Cetera Investment Advisers trimmed its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 78.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,093 shares of the company's stock after selling 7,484 shares during the period. Cetera Investment Advisers' holdings in Molina Healthcare were worth $609,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its position in Molina Healthcare by 4.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,891 shares of the company's stock worth $2,297,000 after purchasing an additional 307 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Molina Healthcare by 7.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,360 shares of the company's stock valued at $978,000 after acquiring an additional 231 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Molina Healthcare by 29.0% in the fourth quarter. Fifth Third Bancorp now owns 2,534 shares of the company's stock valued at $738,000 after acquiring an additional 570 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Molina Healthcare by 18.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,517 shares of the company's stock valued at $1,315,000 after purchasing an additional 715 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Molina Healthcare by 35.5% in the fourth quarter. Blue Trust Inc. now owns 649 shares of the company's stock valued at $189,000 after purchasing an additional 170 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Guggenheim assumed coverage on shares of Molina Healthcare in a research report on Wednesday, April 9th. They set a "neutral" rating for the company. Truist Financial lifted their target price on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Wells Fargo & Company upgraded shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Mizuho boosted their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. Finally, Barclays boosted their price objective on shares of Molina Healthcare from $339.00 to $362.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $365.38.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 directly owns 11,244 shares in the company, valued at $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. Insiders have sold 89,169 shares of company stock valued at $28,520,995 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Molina Healthcare Trading Up 0.8%

Molina Healthcare stock traded up $2.42 during trading on Thursday, reaching $303.75. The company had a trading volume of 382,088 shares, compared to its average volume of 691,884. 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 12-month low of $262.32 and a 12-month high of $365.23. The stock's 50 day moving average price is $323.92 and its two-hundred day moving average price is $307.54. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 1.06 and a beta of 0.63.

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