Voya Investment Management LLC Has $10.54 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Voya Investment Management LLC decreased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 72.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,223 shares of the company's stock after selling 96,558 shares during the period. Voya Investment Management LLC owned about 0.06% of Molina Healthcare worth $10,543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MOH. Versant Capital Management Inc grew its holdings in shares of Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in shares of Molina Healthcare during the 4th quarter valued at about $52,000. Hurley Capital LLC bought a new position in shares of Molina Healthcare in the 4th quarter worth approximately $55,000. EverSource Wealth Advisors LLC raised its position in Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after acquiring an additional 88 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Molina Healthcare by 337.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock worth $58,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 98.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial boosted their price target on Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a report on Friday, April 11th. UBS Group cut their price target on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. Robert W. Baird restated a "neutral" rating and issued a $375.00 price target (up from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Stephens reiterated an "equal weight" rating and issued a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, Baird R W downgraded shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $365.38.

Molina Healthcare Price Performance

Molina Healthcare stock traded up $5.00 during mid-day trading on Friday, reaching $318.04. The company had a trading volume of 569,133 shares, compared to its average volume of 676,527. The company has a market capitalization of $17.24 billion, a P/E ratio of 15.57, a P/E/G 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. The stock's 50-day simple moving average is $322.25 and its 200-day simple moving average is $307.34. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, beating analysts' consensus estimates of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The firm had revenue of $11.15 billion for the quarter, compared to analysts' expectations of $10.86 billion. During the same quarter last year, the firm earned $5.73 earnings per share. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, CEO Joseph M. Zubretsky sold 87,500 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total value of $28,005,250.00. Following the completion of the transaction, the chief executive officer now directly owns 257,715 shares in the company, valued at $82,484,262.90. This trade represents a 25.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven J. Orlando sold 1,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now owns 17,375 shares of the company's stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 89,169 shares of company stock valued at $28,520,995. Company insiders own 1.10% of the company's stock.

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.