Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,177 shares of the company's stock after selling 15,497 shares during the period. Wedge Capital Management L L P NC owned about 0.14% of Molina Healthcare worth $29,330,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Jennison Associates LLC raised its holdings in shares of Molina Healthcare by 7.8% during the 4th quarter. Jennison Associates LLC now owns 360,238 shares of the company's stock valued at $130,158,000 after buying an additional 26,219 shares in the last quarter. LRT Capital Management LLC bought a new position in Molina Healthcare during the 4th quarter worth approximately $464,000. CWM LLC grew its position in Molina Healthcare by 3.7% during the 4th quarter. CWM LLC now owns 1,446 shares of the company's stock worth $522,000 after acquiring an additional 51 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Molina Healthcare by 1.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,734 shares of the company's stock worth $2,072,000 after acquiring an additional 106 shares during the last quarter. Finally, Signaturefd LLC grew its position in Molina Healthcare by 5.0% during the 4th quarter. Signaturefd LLC now owns 1,045 shares of the company's stock worth $378,000 after acquiring an additional 50 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MOH has been the topic of several recent research reports. Cantor Fitzgerald restated an "overweight" rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, April 4th. StockNews.com lowered Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 8th. Bank of America lowered Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 price target on the stock. in a research report on Thursday, March 28th. Wells Fargo & Company cut their price objective on Molina Healthcare from $440.00 to $410.00 and set an "equal weight" rating on the stock in a research report on Monday, April 15th. Finally, Truist Financial lifted their price objective on Molina Healthcare from $435.00 to $460.00 and gave the stock a "buy" rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Molina Healthcare has an average rating of "Hold" and an average target price of $393.09.

Molina Healthcare Stock Down 1.5 %

Shares of NYSE MOH traded down $5.49 during mid-day trading on Monday, hitting $362.03. 370,440 shares of the stock traded hands, compared to its average volume of 394,917. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54. Molina Healthcare, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92. The company has a market cap of $21.21 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.03 and a beta of 0.47. The stock has a fifty day moving average price of $394.33 and a 200-day moving average price of $371.60.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly 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 analyst estimates of $8.35 billion. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The firm's revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.10 earnings per share. Research analysts anticipate that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare stock in a transaction on Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the completion of the transaction, the chief financial officer now owns 36,531 shares in the company, valued at $14,121,423.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Molina Healthcare 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 completion of the transaction, the director now owns 11,207 shares in the company, valued at $4,494,567.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Lowell Keim sold 15,000 shares of the business's stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 36,531 shares of the company's stock, valued at approximately $14,121,423.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,711 shares of company stock worth $6,472,517. 1.11% of the stock is owned by 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.