Molina Healthcare, Inc (NYSE:MOH) Holdings Trimmed by Perpetual Ltd

Perpetual Ltd reduced its position in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 41.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,426 shares of the company's stock after selling 1,001 shares during the period. Perpetual Ltd's holdings in Molina Healthcare were worth $470,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MOH. Smartleaf Asset Management LLC boosted its position in shares of Molina Healthcare by 123.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock valued at $100,000 after purchasing an additional 192 shares in the last quarter. Farther Finance Advisors LLC lifted its stake 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 last quarter. Raymond James Financial Inc. acquired a new stake in Molina Healthcare during the fourth quarter valued at approximately $10,725,000. US Bancorp DE boosted its holdings in Molina Healthcare by 22.3% during the fourth quarter. US Bancorp DE now owns 1,993 shares of the company's stock worth $580,000 after buying an additional 364 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new position in Molina Healthcare in the first quarter worth approximately $255,000. 98.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of recent research reports. Sanford C. Bernstein began coverage on Molina Healthcare in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 price objective for the company. Mizuho boosted their target price on Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 9th. Truist Financial increased their price target on Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Guggenheim initiated coverage on Molina Healthcare in a research note on Wednesday, April 9th. They issued a "neutral" rating on the stock. Finally, Baird R W downgraded Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $364.21.

Molina Healthcare Price Performance

Shares of MOH opened at $296.55 on Friday. The business's 50-day moving average is $307.51 and its 200-day moving average is $306.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 1.00 and a beta of 0.56. Molina Healthcare, Inc has a fifty-two week low of $262.32 and a fifty-two week high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, beating analysts' consensus estimates of $5.96 by $0.12. Molina Healthcare had a net margin of 2.81% and a return on equity of 28.38%. The firm had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $10.86 billion. During the same period in the previous year, the firm posted $5.73 earnings per share. The firm's revenue was up 12.2% on a year-over-year basis. Equities research analysts expect that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

Insider Activity

In other Molina Healthcare news, CEO Joseph M. Zubretsky sold 87,500 shares of the business's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total value of $28,005,250.00. Following the transaction, the chief executive officer now owns 257,715 shares in the company, valued at $82,484,262.90. The trade was a 25.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard M. Schapiro sold 669 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total value of $214,414.50. Following the sale, the director now directly owns 11,244 shares of the company's stock, 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. 1.10% of the stock is currently owned by corporate insiders.

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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