Metis Global Partners LLC Cuts Stake in Molina Healthcare, Inc. (NYSE:MOH)

Metis Global Partners LLC reduced its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 30.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,947 shares of the company’s stock after selling 838 shares during the period. Metis Global Partners LLC’s holdings in Molina Healthcare were worth $567,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MOH. US Bancorp DE grew its holdings in Molina Healthcare by 22.3% during the 4th quarter. US Bancorp DE now owns 1,993 shares of the company’s stock worth $580,000 after acquiring an additional 364 shares in the last quarter. Versor Investments LP acquired a new position in Molina Healthcare during the 4th quarter worth approximately $667,000. Proficio Capital Partners LLC acquired a new position in Molina Healthcare during the 4th quarter worth approximately $26,091,000. Mn Services Vermogensbeheer B.V. grew its holdings in Molina Healthcare by 1.8% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 23,200 shares of the company’s stock worth $6,752,000 after acquiring an additional 400 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew 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 acquiring an additional 1,421 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $295.00 to $372.00 in a report on Wednesday. Barclays lowered their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Truist Financial lowered their target price 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, Stephens restated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $355.69.

Molina Healthcare Stock Up 1.8 %

Shares of NYSE:MOH opened at $312.05 on Thursday. The stock has a market cap of $17.32 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.06 and a beta of 0.54. The firm has a fifty day moving average price of $293.65 and a 200 day moving average price of $311.96. 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 $423.92.

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

Insiders Place Their Bets

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the company’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 in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

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.