Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 14.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 26,987 shares of the company's stock after selling 4,401 shares during the period. Allspring Global Investments Holdings LLC's holdings in Molina Healthcare were worth $9,751,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in Molina Healthcare by 31,696.0% in the 4th quarter. International Assets Investment Management LLC now owns 7,949 shares of the company's stock worth $2,872,000 after buying an additional 7,924 shares during the period. Bleakley Financial Group LLC purchased a new stake in Molina Healthcare in the 4th quarter worth approximately $222,000. Nisa Investment Advisors LLC lifted its stake in shares of Molina Healthcare by 36.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,707 shares of the company's stock valued at $3,507,000 after purchasing an additional 2,580 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Molina Healthcare by 0.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 116,153 shares of the company's stock valued at $40,919,000 after purchasing an additional 723 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Molina Healthcare by 80.0% in the 4th quarter. Allworth Financial LP now owns 135 shares of the company's stock valued at $49,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 98.50% of the company's stock.

Insider Activity at Molina Healthcare

In related news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the sale, the chief financial officer now directly owns 36,531 shares of the company's stock, valued at $14,121,423.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the sale, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,711 shares of company stock worth $6,472,517. Corporate insiders own 1.11% of the company's stock.

Molina Healthcare Stock Performance

Shares of MOH traded up $2.43 during trading hours on Wednesday, hitting $359.82. The stock had a trading volume of 487,974 shares, compared to its average volume of 395,160. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54. Molina Healthcare, Inc. has a 12 month low of $266.35 and a 12 month high of $423.92. The firm has a market capitalization of $21.08 billion, a PE ratio of 19.16, a PEG ratio of 1.01 and a beta of 0.47. The stock has a fifty day moving average price of $395.16 and a 200 day moving average price of $370.78.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The company had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.35 billion. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. Molina Healthcare's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.10 earnings per share. Analysts anticipate that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com cut Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 8th. Truist Financial raised their target price on Molina Healthcare from $435.00 to $460.00 and gave the company a "buy" rating in a research note on Tuesday, February 20th. Wells Fargo & Company reduced their price objective on Molina Healthcare from $440.00 to $410.00 and set an "equal weight" rating for the company in a research report on Monday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, April 4th. Finally, Bank of America lowered Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 price objective for the company. in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Molina Healthcare has an average rating of "Hold" and an average target price of $393.09.

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.