Los Angeles Capital Management LLC Reduces Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Los Angeles Capital Management LLC trimmed its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 58.5% in the 4th quarter, Holdings Channel reports. The firm owned 132,012 shares of the company’s stock after selling 185,954 shares during the period. Los Angeles Capital Management LLC’s holdings in Molina Healthcare were worth $47,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Molina Healthcare during the third quarter valued at about $30,000. McIlrath & Eck LLC purchased a new position in shares of Molina Healthcare in the fourth quarter worth $34,000. VisionPoint Advisory Group LLC boosted its position in shares of Molina Healthcare by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock worth $36,000 after acquiring an additional 57 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock valued at $41,000 after acquiring an additional 36 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC increased its holdings in Molina Healthcare by 3,933.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock valued at $43,000 after acquiring an additional 118 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Up 0.0 %

Shares of MOH stock traded up $0.13 during trading on Friday, hitting $339.68. 373,104 shares of the stock traded hands, compared to its average volume of 402,516. The firm’s fifty day moving average price is $384.15 and its 200-day moving average price is $371.76. Molina Healthcare, Inc. has a 52-week low of $266.35 and a 52-week high of $423.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $19.91 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last released its quarterly 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 net margin of 2.99% and a return on equity of 29.86%. The business had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.45 billion. During the same period in the previous year, the firm earned $5.81 EPS. The business’s revenue was up 21.9% on a year-over-year basis. As a group, research analysts forecast that Molina Healthcare, Inc. will post 23.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MOH. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, April 4th. Barclays dropped their target price on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. Truist Financial increased their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Company reduced their price objective on Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Molina Healthcare presently has an average rating of “Hold” and a consensus target price of $398.55.

Insiders Place Their Bets

In related news, Director Richard M. Schapiro sold 1,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the transaction, the director now directly owns 11,207 shares in the company, valued at approximately $4,494,567.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the transaction, the director now directly owns 12,207 shares in the company, valued at approximately $4,688,220.42. The disclosure for this sale can be found here. Insiders sold 16,711 shares of company stock worth $6,472,517 in the last 90 days. Corporate 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.