Qtron Investments LLC Has $798,000 Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Qtron Investments LLC cut its stake in Molina Healthcare, Inc. (NYSE:MOHFree Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,210 shares of the company’s stock after selling 41 shares during the period. Qtron Investments LLC’s holdings in Molina Healthcare were worth $798,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Molina Healthcare during the 4th quarter worth about $275,143,000. Wellington Management Group LLP boosted its stake in shares of Molina Healthcare by 8.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock worth $1,113,200,000 after buying an additional 259,474 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Molina Healthcare by 10.4% during the 3rd quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock worth $390,242,000 after buying an additional 112,243 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Molina Healthcare by 28.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 470,386 shares of the company’s stock worth $154,234,000 after buying an additional 104,350 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Molina Healthcare by 4,019.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company’s stock worth $37,282,000 after buying an additional 100,680 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ronna Romney sold 250 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total value of $85,817.50. Following the completion of the sale, the director now directly owns 16,945 shares in the company, valued at $5,816,710.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Molina Healthcare news, COO James Woys sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the completion of the transaction, the chief operating officer now directly owns 53,613 shares in the company, valued at $18,504,526.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ronna Romney sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total transaction of $85,817.50. Following the transaction, the director now owns 16,945 shares of the company’s stock, valued at $5,816,710.15. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of Molina Healthcare from $435.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday. Truist Financial raised their target price on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. TD Cowen cut 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 note on Tuesday, April 30th. Baird R W upgraded shares of Molina Healthcare to a “strong-buy” rating in a research note on Thursday. Finally, Wells Fargo & Company lowered their price target on shares of Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $407.45.

View Our Latest Research Report on MOH

Molina Healthcare Stock Up 2.8 %

NYSE MOH opened at $314.58 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 1-year low of $266.35 and a 1-year high of $423.92. The company has a 50 day moving average of $359.14 and a 200-day moving average of $370.96. The company has a market cap of $18.43 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 0.96 and a beta of 0.54.

Molina Healthcare (NYSE:MOHGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, beating analysts’ consensus estimates of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.45 billion. During the same period in the previous year, the business earned $5.81 earnings per share. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. On average, equities research analysts expect that Molina Healthcare, Inc. will post 23.56 earnings per share for the current fiscal year.

Molina Healthcare Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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