Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 95.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,378 shares of the company’s stock after selling 219,356 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Molina Healthcare were worth $2,729,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. True Wealth Design LLC grew its holdings in shares of 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 acquiring an additional 100 shares during the period. Versant Capital Management Inc raised its holdings in Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after purchasing an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Molina Healthcare during the fourth quarter worth $52,000. EverSource Wealth Advisors LLC grew its holdings in Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after purchasing an additional 88 shares during the last quarter. Finally, Financial Perspectives Inc purchased a new position in shares of Molina Healthcare in the fourth quarter valued at $59,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Wednesday. Truist Financial dropped their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. UBS Group reduced their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Finally, Mizuho dropped their price target on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $355.69.

Molina Healthcare Stock Up 0.1 %

MOH opened at $323.85 on Friday. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $416.35. The business has a 50-day moving average of $302.25 and a two-hundred day moving average of $309.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $17.71 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, research analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Insider Activity

In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.10% 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.