Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its position in Molina Healthcare, Inc. (NYSE:MOH) by 48.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,380 shares of the company’s stock after selling 4,114 shares during the quarter. Truist Financial Corp’s holdings in Molina Healthcare were worth $1,275,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MOH. True Wealth Design LLC lifted its holdings in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after buying an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new position in Molina Healthcare in the 4th quarter worth $52,000. Capital Performance Advisors LLP acquired a new position in Molina Healthcare in the 3rd quarter worth $62,000. Finally, AM Squared Ltd lifted its holdings in Molina Healthcare by 50.0% in the 3rd quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analysts Set New Price Targets

MOH has been the subject of several research analyst reports. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Stephens reissued an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. Truist Financial dropped their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Finally, Barclays dropped their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Molina Healthcare has a consensus rating of “Hold” and an average target price of $353.17.

Molina Healthcare Price Performance

NYSE MOH opened at $301.45 on Friday. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a market cap of $16.73 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. The company has a 50-day moving average price of $293.12 and a two-hundred day moving average price of $313.19.

Molina Healthcare (NYSE:MOH) last posted its earnings results 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%. Analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

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.