Molina Healthcare, Inc (NYSE:MOH) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 0.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 62,360 shares of the company’s stock after selling 536 shares during the period. Moran Wealth Management LLC’s holdings in Molina Healthcare were worth $20,541,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MOH. Venturi Wealth Management LLC increased its holdings in Molina Healthcare by 482.4% during the 4th quarter. Venturi Wealth Management LLC now owns 297 shares of the company’s stock worth $86,000 after purchasing an additional 246 shares during the period. Fisher Funds Management LTD purchased a new stake in Molina Healthcare during the 4th quarter worth about $2,857,000. Y Intercept Hong Kong Ltd increased its holdings in Molina Healthcare by 163.4% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 8,343 shares of the company’s stock worth $2,428,000 after purchasing an additional 5,175 shares during the period. Los Angeles Capital Management LLC increased its holdings in Molina Healthcare by 166.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock worth $57,195,000 after purchasing an additional 122,674 shares during the period. Finally, Illinois Municipal Retirement Fund increased its holdings in Molina Healthcare by 4.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 34,412 shares of the company’s stock worth $10,016,000 after purchasing an additional 1,421 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Down 1.0%

Molina Healthcare stock opened at $291.15 on Tuesday. Molina Healthcare, Inc has a twelve month low of $262.32 and a twelve month high of $365.23. The stock has a 50 day moving average of $310.27 and a two-hundred day moving average of $306.92. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $15.78 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.99 and a beta of 0.57.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, topping analysts’ consensus estimates of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.38% and a net margin of 2.81%. The company had revenue of $11.15 billion during the quarter, compared to analysts’ expectations of $10.86 billion. During the same period last year, the firm earned $5.73 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, research analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Baird R W downgraded Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Guggenheim assumed coverage on Molina Healthcare in a report on Wednesday, April 9th. They issued a “neutral” rating on the stock. Truist Financial increased their price objective on Molina Healthcare from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, April 11th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $375.00 price objective (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $364.21.

Insider Activity

In other news, Director Richard M. Schapiro sold 669 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total value of $214,414.50. Following the completion of the sale, the director now directly owns 11,244 shares of the company’s stock, valued at $3,603,702. This trade represents a 5.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total value of $28,005,250.00. Following the completion of the sale, the chief executive officer now directly owns 257,715 shares of the company’s stock, valued at $82,484,262.90. This represents a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% 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.