Burney Co. Sells 2,787 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Burney Co. decreased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 39.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,256 shares of the company’s stock after selling 2,787 shares during the period. Burney Co.’s holdings in Molina Healthcare were worth $1,239,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Choreo LLC bought a new stake in Molina Healthcare in the 2nd quarter worth about $226,000. Massachusetts Financial Services Co. MA grew its stake in shares of Molina Healthcare by 10.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,375 shares of the company’s stock worth $409,000 after acquiring an additional 126 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Molina Healthcare by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock valued at $140,026,000 after purchasing an additional 84,929 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Molina Healthcare by 133.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 21,087 shares of the company’s stock valued at $6,603,000 after purchasing an additional 12,058 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in Molina Healthcare by 16.1% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,200 shares of the company’s stock valued at $357,000 after purchasing an additional 166 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MOH shares. Wells Fargo & Company lifted their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Barclays raised their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Truist Financial dropped their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $359.18.

Molina Healthcare Price Performance

NYSE MOH opened at $282.88 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 0.89 and a beta of 0.54. The company’s 50 day moving average is $297.71 and its two-hundred day moving average is $316.85.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. The firm had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company’s revenue was up 21.0% on a year-over-year basis. During the same period last year, the firm earned $5.05 EPS. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

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.