Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 4.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 352,188 shares of the company’s stock after selling 15,654 shares during the period. Bank of New York Mellon Corp’s holdings in Molina Healthcare were worth $102,504,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. True Wealth Design LLC raised its position in shares of Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after buying an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Molina Healthcare during the fourth quarter worth $52,000. Financial Perspectives Inc purchased a new stake in shares of Molina Healthcare during the fourth quarter valued at $59,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Molina Healthcare in the 3rd quarter valued at $62,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Up 2.9 %

MOH opened at $301.45 on Friday. The company has a fifty day moving average of $293.26 and a two-hundred day moving average of $312.94. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.06 and a beta of 0.54. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $423.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH) last announced 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 net margin of 2.90% and a return on equity of 28.13%. On average, 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 analysts have commented on MOH shares. UBS Group lowered their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Truist Financial decreased their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Stephens reiterated an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. Finally, Barclays cut their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $353.17.

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.