Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 72.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,223 shares of the company’s stock after selling 96,558 shares during the quarter. Voya Investment Management LLC owned 0.06% of Molina Healthcare worth $10,543,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MOH. Virtu Financial LLC acquired a new stake in Molina Healthcare during the 3rd quarter worth about $2,111,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Molina Healthcare during the third quarter valued at approximately $113,000. Tri Ri Asset Management Corp purchased a new stake in shares of Molina Healthcare in the 3rd quarter valued at approximately $3,722,000. Oddo BHF Asset Management Sas acquired a new position in Molina Healthcare in the 3rd quarter worth approximately $2,947,000. Finally, Principal Financial Group Inc. grew its position in Molina Healthcare by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 74,160 shares of the company’s stock worth $25,553,000 after purchasing an additional 2,389 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Molina Healthcare Price Performance

NYSE MOH opened at $320.51 on Tuesday. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $365.23. The stock’s 50-day moving average is $320.07 and its two-hundred day moving average is $307.33. The firm has a market cap of $17.53 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, beating analysts’ consensus estimates of $5.96 by $0.12. The business had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business earned $5.73 EPS. On average, analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MOH. Guggenheim initiated coverage on Molina Healthcare in a research report on Wednesday, April 9th. They issued a “neutral” rating for the company. Robert W. Baird restated a “neutral” rating and set a $375.00 price objective (up from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Barclays upped their target price on Molina Healthcare from $339.00 to $362.00 and gave the company an “equal weight” rating in a report on Friday. Baird R W cut shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, Truist Financial upped their price objective on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $365.38.

Molina Healthcare Company 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.