Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 23.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 870 shares of the company’s stock after selling 265 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Molina Healthcare were worth $253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC raised its position 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 buying an additional 122,674 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Molina Healthcare in the fourth quarter valued at about $26,091,000. Victory Capital Management Inc. raised its holdings in Molina Healthcare by 48.9% during the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock worth $41,092,000 after purchasing an additional 46,350 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Molina Healthcare in the fourth quarter valued at about $10,725,000. Finally, NFJ Investment Group LLC purchased a new stake in Molina Healthcare in the 3rd quarter valued at approximately $7,432,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Trading Down 0.2 %

Shares of MOH opened at $322.78 on Friday. 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, Inc. has a 1-year low of $262.32 and a 1-year high of $409.07. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The firm has a 50 day simple moving average of $302.98 and a 200-day simple moving average of $309.17.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Equities analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MOH. Mizuho cut their target price on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Barclays cut their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. UBS Group decreased their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Truist Financial cut their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare has an average rating of “Moderate Buy” and an average target price of $348.75.

Insider Buying and Selling at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by insiders.

About Molina Healthcare

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.