National Pension Service Sells 92,960 Shares of Molina Healthcare, Inc $MOH

Key Points

• The National Pension Service significantly decreased its holdings in Molina Healthcare, Inc by 83.0% in the first quarter, now owning only 19,065 shares valued at approximately $6.28 million.
• Several institutional investors have adjusted their positions in Molina Healthcare, with 98.50% of the stock now held by these entities.
• Molina Healthcare's quarterly earnings missed estimates, reporting $5.48 earnings per share compared to the anticipated $5.50, while revenue was above consensus expectations at $11.43 billion.

National Pension Service reduced its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 83.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,065 shares of the company's stock after selling 92,960 shares during the period. National Pension Service's holdings in Molina Healthcare were worth $6,280,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Molina Healthcare by 74,593.7% in the 1st quarter. GAMMA Investing LLC now owns 667,015 shares of the company's stock worth $219,708,000 after acquiring an additional 666,122 shares during the last quarter. Voloridge Investment Management LLC increased its holdings in Molina Healthcare by 1,641.3% during the 4th quarter. Voloridge Investment Management LLC now owns 409,807 shares of the company's stock worth $119,274,000 after purchasing an additional 386,273 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $44,099,000. Nuveen LLC purchased a new position in shares of Molina Healthcare during the first quarter valued at approximately $46,441,000. Finally, BNP Paribas Financial Markets grew its holdings in Molina Healthcare by 138.4% during the fourth quarter. BNP Paribas Financial Markets now owns 177,150 shares of the company's stock worth $51,560,000 after buying an additional 102,840 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Analyst Upgrades and Downgrades

MOH has been the topic of several recent analyst reports. UBS Group dropped their price objective on Molina Healthcare from $260.00 to $180.00 and set a "neutral" rating on the stock in a research note on Friday, July 25th. Barclays lowered their target price on shares of Molina Healthcare from $270.00 to $186.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Morgan Stanley downgraded shares of Molina Healthcare from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $364.00 to $266.00 in a research report on Thursday, July 10th. Truist Financial reiterated a "hold" rating and issued a $180.00 price objective (down previously from $335.00) on shares of Molina Healthcare in a research note on Friday, July 25th. Finally, Wall Street Zen downgraded Molina Healthcare from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, Molina Healthcare has a consensus rating of "Hold" and an average price target of $242.91.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Ronna Romney sold 700 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total transaction of $107,618.00. Following the sale, the director directly owned 17,131 shares of the company's stock, valued at $2,633,719.94. This represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO James Woys bought 10,000 shares of Molina Healthcare stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of $155.94 per share, with a total value of $1,559,400.00. Following the purchase, the chief operating officer directly owned 74,331 shares of the company's stock, valued at approximately $11,591,176.14. This represents a 15.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.26% of the company's stock.

Molina Healthcare Stock Performance

Shares of NYSE:MOH traded down $0.08 during mid-day trading on Wednesday, reaching $173.77. The company had a trading volume of 1,982,929 shares, compared to its average volume of 990,321. Molina Healthcare, Inc has a one year low of $151.95 and a one 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. The company's 50-day moving average price is $218.31 and its 200-day moving average price is $279.84. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 8.56 and a beta of 0.52.

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