Captrust Financial Advisors Sells 418 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Captrust Financial Advisors cut its stake in Molina Healthcare, Inc. (NYSE:MOH) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,758 shares of the company’s stock after selling 418 shares during the period. Captrust Financial Advisors’ holdings in Molina Healthcare were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Molina Healthcare by 4.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,838 shares of the company’s stock worth $826,000 after buying an additional 132 shares during the last quarter. Czech National Bank raised its stake in shares of Molina Healthcare by 3.9% during the fourth quarter. Czech National Bank now owns 12,403 shares of the company’s stock worth $3,610,000 after buying an additional 466 shares during the last quarter. Argent Capital Management LLC grew its holdings in Molina Healthcare by 9.9% during the fourth quarter. Argent Capital Management LLC now owns 9,896 shares of the company’s stock valued at $2,880,000 after purchasing an additional 893 shares during the period. Avanza Fonder AB acquired a new position in Molina Healthcare during the fourth quarter valued at approximately $1,398,000. Finally, Wedge Capital Management L L P NC grew its holdings in Molina Healthcare by 5.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 97,505 shares of the company’s stock valued at $28,379,000 after purchasing an additional 4,683 shares during the period. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Performance

Shares of MOH opened at $313.63 on Friday. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $365.23. The firm has a fifty day simple moving average of $324.06 and a 200 day simple moving average of $308.42. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.06 and a beta of 0.63. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.96 by $0.12. The business had revenue of $11.15 billion during the quarter, compared to analysts’ expectations of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.73 earnings per share. Research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird restated a “neutral” rating and set a $375.00 price objective (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Sanford C. Bernstein started coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 price objective for the company. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Truist Financial upped their price target on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, April 11th. Finally, StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, April 11th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $365.38.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 669 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total value of $214,414.50. Following the completion of the sale, the director now owns 11,244 shares in the company, valued at $3,603,702. This trade represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the sale, the chief executive officer now owns 257,715 shares of the company’s stock, valued at approximately $82,484,262.90. This represents a 25.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,169 shares of company stock worth $28,520,995 over the last quarter. 1.10% of the stock is currently owned by insiders.

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.