Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,734 shares of the company’s stock after purchasing an additional 106 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Molina Healthcare were worth $2,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Desjardins Global Asset Management Inc. increased its stake in Molina Healthcare by 4.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company’s stock worth $276,000 after purchasing an additional 32 shares during the period. Ritholtz Wealth Management increased its stake in Molina Healthcare by 2.1% during the fourth quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock worth $585,000 after purchasing an additional 33 shares during the period. New York Life Investment Management LLC increased its stake in Molina Healthcare by 0.4% during the third quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock worth $2,785,000 after purchasing an additional 36 shares during the period. Aptus Capital Advisors LLC increased its stake in Molina Healthcare by 5.0% during the third quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock worth $250,000 after purchasing an additional 36 shares during the period. Finally, Raleigh Capital Management Inc. increased its stake in Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after purchasing an additional 36 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Barclays started coverage on shares of Molina Healthcare in a research note on Wednesday, March 6th. They set an “equal weight” rating and a $437.00 price target on the stock. Truist Financial boosted their price objective on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Bank of America downgraded Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective for the company. in a research report on Thursday, March 28th. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. Finally, Wells Fargo & Company lowered their price objective on Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $393.09.

Insider Activity

In other news, CFO Mark Lowell Keim sold 15,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the sale, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Richard M. Schapiro sold 711 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the sale, the director now directly owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Lowell Keim sold 15,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the sale, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,711 shares of company stock valued at $6,472,517. 1.10% of the stock is currently owned by company insiders.

Molina Healthcare Stock Performance

Shares of MOH opened at $367.62 on Thursday. The stock has a 50 day moving average price of $393.09 and a 200 day moving average price of $372.04. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $21.54 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 1.02 and a beta of 0.47. Molina Healthcare, Inc. has a 52-week low of $266.35 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.35 billion. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $4.10 earnings per share. Research analysts predict that Molina Healthcare, Inc. will post 23.62 EPS for the current fiscal 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.