Mitsubishi UFJ Trust & Banking Corp Decreases Holdings in Molina Healthcare, Inc $MOH

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in Molina Healthcare, Inc (NYSE:MOH) by 39.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 27,492 shares of the company’s stock after selling 17,809 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.05% of Molina Healthcare worth $5,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MOH. UniSuper Management Pty Ltd boosted its holdings in Molina Healthcare by 63.0% in the third quarter. UniSuper Management Pty Ltd now owns 12,398 shares of the company’s stock valued at $2,372,000 after purchasing an additional 4,794 shares in the last quarter. Covestor Ltd lifted its position in shares of Molina Healthcare by 148.5% during the 3rd quarter. Covestor Ltd now owns 989 shares of the company’s stock worth $189,000 after buying an additional 591 shares during the last quarter. Olympiad Research LP acquired a new position in shares of Molina Healthcare in the 3rd quarter valued at $216,000. Rakuten Investment Management Inc. purchased a new position in shares of Molina Healthcare in the 3rd quarter valued at $56,592,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Molina Healthcare by 6.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 57,270 shares of the company’s stock worth $10,959,000 after acquiring an additional 3,690 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard M. Schapiro sold 357 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $143.02, for a total value of $51,058.14. Following the completion of the sale, the director owned 11,352 shares in the company, valued at approximately $1,623,563.04. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on MOH. Deutsche Bank Aktiengesellschaft set a $165.00 price objective on shares of Molina Healthcare in a research note on Friday, October 24th. UBS Group decreased their target price on Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Barclays raised their price target on Molina Healthcare from $144.00 to $164.00 and gave the stock an “underweight” rating in a research note on Monday, January 5th. Jefferies Financial Group set a $160.00 price objective on Molina Healthcare in a research note on Tuesday, December 16th. Finally, TD Cowen lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 target price on the stock. in a research report on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $193.47.

Molina Healthcare Trading Down 1.2%

Shares of MOH stock opened at $184.74 on Friday. The company has a market capitalization of $10.01 billion, a P/E ratio of 11.44 and a beta of 0.49. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $170.23 and its two-hundred day moving average is $172.18. Molina Healthcare, Inc has a twelve month low of $133.40 and a twelve month high of $359.97.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.