Strs Ohio Cuts Stock Holdings in Molina Healthcare, Inc $MOH

Strs Ohio reduced its stake in Molina Healthcare, Inc (NYSE:MOH) by 79.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,282 shares of the company’s stock after selling 4,974 shares during the period. Strs Ohio’s holdings in Molina Healthcare were worth $245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Horizon Advisors Inc. increased its holdings in Molina Healthcare by 2,140.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 107 shares during the period. Bogart Wealth LLC acquired a new position in shares of Molina Healthcare during the third quarter worth about $39,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Molina Healthcare during the second quarter worth approximately $45,000. MUFG Securities EMEA plc acquired a new stake in Molina Healthcare in the second quarter valued at approximately $48,000. Finally, SJS Investment Consulting Inc. lifted its stake in Molina Healthcare by 6,225.0% in the third quarter. SJS Investment Consulting Inc. now owns 253 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MOH has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on shares of Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Wells Fargo & Company boosted their target price on shares of Molina Healthcare from $165.00 to $208.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft set a $165.00 price target on Molina Healthcare in a research note on Friday, October 24th. Truist Financial set a $175.00 price target on Molina Healthcare in a report on Friday, October 24th. Finally, Cantor Fitzgerald dropped their price objective on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Hold” and an average price target of $193.47.

Insider Activity at Molina Healthcare

In related news, Director Richard M. Schapiro sold 357 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $143.02, for a total value of $51,058.14. Following the completion of the sale, the director directly owned 11,352 shares of the company’s stock, valued at $1,623,563.04. This represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.26% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH opened at $181.17 on Tuesday. Molina Healthcare, Inc has a 1-year low of $133.40 and a 1-year high of $359.97. The stock has a market cap of $9.82 billion, a PE ratio of 11.22 and a beta of 0.49. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a fifty day moving average price of $171.71 and a 200 day moving average price of $171.13.

Molina Healthcare 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.