Molina Healthcare, Inc $MOH Holdings Lowered by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd reduced its stake in Molina Healthcare, Inc by 68.7%, now holding 1,387 shares worth approximately $457,000.
• Analysts have recently lowered their price targets for Molina Healthcare, with JPMorgan reducing it from $272.00 to $184.00 and Truist Financial decreasing from $335.00 to $180.00.
• Insider activity includes COO James Woys purchasing 10,000 shares for $1.56 million, increasing his holdings by 15.54%, while Director Ronna Romney sold 700 shares during the same period.

Dynamic Technology Lab Private Ltd trimmed its stake in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 68.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,387 shares of the company's stock after selling 3,043 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Molina Healthcare were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MOH. Rothschild Investment LLC raised its position in shares of Molina Healthcare by 126.3% during the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after buying an additional 48 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Molina Healthcare during the 1st quarter worth about $29,000. Deseret Mutual Benefit Administrators raised its position in shares of Molina Healthcare by 60.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock worth $30,000 after buying an additional 34 shares in the last quarter. Elequin Capital LP raised its position in shares of Molina Healthcare by 170.6% during the 1st quarter. Elequin Capital LP now owns 92 shares of the company's stock worth $30,000 after buying an additional 58 shares in the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in shares of Molina Healthcare during the 1st quarter worth about $34,000. 98.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MOH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped 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. Barclays decreased their price target on shares of Molina Healthcare from $186.00 to $185.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Truist Financial restated a "hold" rating and issued a $180.00 price target (down previously from $335.00) on shares of Molina Healthcare in a research report on Friday, July 25th. Wall Street Zen lowered shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, 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. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $225.18.

Insider Activity at Molina Healthcare

In related news, COO James Woys acquired 10,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $155.94 per share, with a total value of $1,559,400.00. Following the completion of the transaction, the chief operating officer owned 74,331 shares of the company's stock, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ronna Romney sold 700 shares of the business's stock in a transaction that occurred 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 in the company, 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 1.10% of the company's stock.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $188.45 on Friday. The firm's 50 day simple moving average is $180.61 and its 200-day simple moving average is $267.06. The company has a market cap of $10.21 billion, a P/E ratio of 9.29 and a beta of 0.54. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66. Molina Healthcare, Inc has a fifty-two week low of $151.95 and a fifty-two week high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last released 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 firm had revenue of $11.43 billion during the quarter, compared to analysts' expectations of $10.94 billion. Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.The business's revenue was up 15.7% on a year-over-year basis. During the same period last year, the business earned $5.86 earnings per share. As a group, equities research analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current 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.

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