Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 35.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,059 shares of the company's stock after acquiring an additional 26,202 shares during the period. First Trust Advisors LP owned 0.17% of Molina Healthcare worth $29,122,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MOH. Virtu Financial LLC acquired a new position in Molina Healthcare during the 3rd quarter worth approximately $2,111,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Molina Healthcare in the third quarter valued at approximately $113,000. Tri Ri Asset Management Corp acquired a new position in Molina Healthcare during the third quarter worth $3,722,000. Oddo BHF Asset Management Sas purchased a new position in Molina Healthcare in the third quarter worth $2,947,000. Finally, Principal Financial Group Inc. lifted its holdings in Molina Healthcare by 3.3% in the third quarter. Principal Financial Group Inc. now owns 74,160 shares of the company's stock valued at $25,553,000 after acquiring an additional 2,389 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Molina Healthcare Trading Down 2.6 %

NYSE:MOH traded down $8.47 during trading hours on Thursday, reaching $318.54. 188,978 shares of the company were exchanged, compared to its average volume of 674,002. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $365.23. The stock has a 50 day simple moving average of $321.51 and a 200 day simple moving average of $307.55. The firm has a market cap of $17.42 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group cut their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a report on Friday, February 7th. Truist Financial lifted their price target on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, April 11th. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Mizuho raised their price objective on Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research note on Wednesday, April 9th. Finally, Sanford C. Bernstein began coverage on Molina Healthcare in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $365.38.

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.