Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. cut its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,857 shares of the company’s stock after selling 800 shares during the quarter. Natixis Advisors L.P. owned approximately 0.05% of Molina Healthcare worth $11,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Desjardins Global Asset Management Inc. raised its holdings in Molina Healthcare by 4.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company’s stock valued at $276,000 after acquiring an additional 32 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Molina Healthcare by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock worth $585,000 after buying an additional 33 shares during the last quarter. New York Life Investment Management LLC grew its holdings in Molina Healthcare by 0.4% in the 3rd quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock valued at $2,785,000 after buying an additional 36 shares during the period. Aptus Capital Advisors LLC increased its stake in shares of Molina Healthcare by 5.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock valued at $250,000 after acquiring an additional 36 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Molina Healthcare by 40.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH opened at $349.85 on Wednesday. Molina Healthcare, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53. The firm has a market cap of $20.50 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.04 and a beta of 0.54. The stock has a 50 day moving average of $381.98 and a 200-day moving average of $371.88.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, beating the consensus estimate of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.45 billion. During the same quarter in the previous year, the firm earned $5.81 earnings per share. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, analysts forecast that Molina Healthcare, Inc. will post 23.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MOH. Barclays dropped their price target on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, April 4th. Bank of America downgraded Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective on the stock. in a report on Thursday, March 28th. TD Cowen dropped their target price on shares of Molina Healthcare from $453.00 to $412.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Finally, Truist Financial lifted their price target on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and an average price target of $398.55.

Insiders Place Their Bets

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 transaction of $273,066.66. Following the sale, the director now directly owns 12,207 shares in the company, valued at approximately $4,688,220.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the sale, the director now owns 11,207 shares in the company, valued at $4,494,567.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard M. Schapiro sold 711 shares of the business’s 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 transaction, the director now owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders have sold 16,711 shares of company stock valued at $6,472,517 over the last quarter. Insiders own 1.11% of the company’s stock.

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.