Swiss National Bank Sells 8,300 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Swiss National Bank lowered its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 165,600 shares of the company’s stock after selling 8,300 shares during the period. Swiss National Bank’s holdings in Molina Healthcare were worth $48,198,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Public Sector Pension Investment Board raised its stake in Molina Healthcare by 13.5% during the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after buying an additional 300 shares during the last quarter. Tributary Capital Management LLC grew its holdings in Molina Healthcare by 76.1% in the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock worth $1,219,000 after purchasing an additional 1,811 shares during the period. Everence Capital Management Inc. acquired a new stake in Molina Healthcare in the fourth quarter worth $544,000. Smartleaf Asset Management LLC grew its holdings in Molina Healthcare by 123.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock worth $100,000 after purchasing an additional 192 shares during the period. Finally, SYM FINANCIAL Corp acquired a new stake in Molina Healthcare in the fourth quarter worth $249,000. Institutional investors own 98.50% of the company’s stock.

Insiders Place Their Bets

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.11% of the company’s stock.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $308.51 on Monday. The firm has a market cap of $17.12 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.06 and a beta of 0.56. 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, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92. The firm’s 50-day simple moving average is $298.06 and its two-hundred day simple moving average is $310.37.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS 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%. As a group, equities analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays reduced their price target 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 reduced their price objective 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. Mizuho reduced their price objective on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $355.69.

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.