Tredje AP fonden Sells 143 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Tredje AP fonden decreased its stake in Molina Healthcare, Inc. (NYSE:MOH) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,087 shares of the company’s stock after selling 143 shares during the quarter. Tredje AP fonden’s holdings in Molina Healthcare were worth $2,702,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Private Advisor Group LLC bought a new stake in shares of Molina Healthcare in the 4th quarter worth about $201,000. Principal Securities Inc. acquired a new stake in shares of Molina Healthcare during the fourth quarter worth approximately $42,000. Janney Montgomery Scott LLC increased its holdings in shares of Molina Healthcare by 7.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,231 shares of the company’s stock worth $1,168,000 after buying an additional 226 shares in the last quarter. ING Groep NV acquired a new position in shares of Molina Healthcare in the 4th quarter worth approximately $234,000. Finally, PNC Financial Services Group Inc. grew its position in Molina Healthcare by 5.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,208 shares of the company’s stock worth $1,159,000 after acquiring an additional 167 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total value of $339,210.00. Following the sale, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the transaction, the director now owns 18,025 shares in the company, valued at $6,114,260.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Maurice Hebert sold 393 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the sale, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

MOH has been the subject of several research analyst reports. StockNews.com downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group reduced their price target on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. Wells Fargo & Company increased their price objective on shares of Molina Healthcare from $315.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Robert W. Baird assumed coverage on shares of Molina Healthcare in a research note on Thursday, May 30th. They issued an “outperform” rating and a $405.00 target price for the company. Finally, Truist Financial decreased their price target on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and an average price target of $378.00.

Molina Healthcare Trading Down 1.5 %

Shares of NYSE MOH opened at $349.91 on Friday. Molina Healthcare, Inc. has a fifty-two week low of $282.96 and a fifty-two week high of $423.92. The firm has a market capitalization of $20.50 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.20 and a beta of 0.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. The company’s 50 day simple moving average is $334.43 and its 200 day simple moving average is $343.69.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.13. The business had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the company earned $5.65 EPS. On average, analysts predict that Molina Healthcare, Inc. will post 23.5 EPS for the current year.

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.