Jackson Square Partners LLC Sells 135,059 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Jackson Square Partners LLC reduced its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 45.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 160,982 shares of the company's stock after selling 135,059 shares during the period. Molina Healthcare accounts for approximately 1.9% of Jackson Square Partners LLC's investment portfolio, making the stock its 25th largest holding. Jackson Square Partners LLC owned approximately 0.28% of Molina Healthcare worth $58,164,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Desjardins Global Asset Management Inc. grew its stake in shares of Molina Healthcare by 4.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company's stock worth $276,000 after purchasing an additional 32 shares during the period. Ritholtz Wealth Management lifted its holdings in Molina Healthcare by 2.1% during the fourth quarter. Ritholtz Wealth Management now owns 1,620 shares of the company's stock worth $585,000 after acquiring an additional 33 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in Molina Healthcare by 0.4% during the third quarter. New York Life Investment Management LLC now owns 8,495 shares of the company's stock worth $2,785,000 after acquiring an additional 36 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in Molina Healthcare by 5.0% during the third quarter. Aptus Capital Advisors LLC now owns 763 shares of the company's stock worth $250,000 after acquiring an additional 36 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company's stock worth $41,000 after acquiring an additional 36 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Molina Healthcare

In other news, 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 transaction of $401,050.00. Following the sale, the director now directly owns 11,207 shares of the company's stock, valued at $4,494,567.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stephens reiterated an "equal weight" rating and set a $390.00 target price on shares of Molina Healthcare in a report on Thursday, April 25th. TD Cowen lowered their target price on Molina Healthcare from $453.00 to $412.00 and set a "buy" rating on the stock in a research report on Tuesday, April 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, April 4th. Barclays lowered their price target on Molina Healthcare from $437.00 to $430.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 25th. Finally, Truist Financial boosted their price target 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $404.90.

Molina Healthcare Price Performance

Shares of NYSE MOH traded up $2.62 during mid-day trading on Friday, reaching $347.62. The company had a trading volume of 307,262 shares, compared to its average volume of 412,087. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 1.49. Molina Healthcare, Inc. has a one year low of $266.35 and a one year high of $423.92. The firm has a market cap of $20.37 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.06 and a beta of 0.54. The business's 50-day simple moving average is $375.20 and its 200 day simple moving average is $372.40.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.46 by $0.27. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The firm had revenue of $9.93 billion for the quarter, compared to analysts' expectations of $9.45 billion. During the same quarter in the previous year, the business posted $5.81 earnings per share. The business's revenue for the quarter was up 21.9% on a year-over-year basis. On average, research analysts predict that Molina Healthcare, Inc. will post 23.58 earnings per share 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.