Corient Private Wealth LLC Has $1.58 Million Stake in Molina Healthcare, Inc. (NYSE:MOH)

Corient Private Wealth LLC lifted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,437 shares of the company’s stock after purchasing an additional 271 shares during the period. Corient Private Wealth LLC’s holdings in Molina Healthcare were worth $1,583,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Public Sector Pension Investment Board increased its stake in shares of Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after buying an additional 300 shares during the period. Tributary Capital Management LLC increased its position in Molina Healthcare by 76.1% in the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock worth $1,219,000 after purchasing an additional 1,811 shares during the period. Everence Capital Management Inc. bought a new stake in Molina Healthcare during the 4th quarter worth about $544,000. Smartleaf Asset Management LLC boosted its stake in shares of Molina Healthcare by 123.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock valued at $100,000 after purchasing an additional 192 shares during the last quarter. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $249,000. Institutional investors own 98.50% of the company’s stock.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $310.55 on Wednesday. The company has a fifty day moving average price of $300.36 and a 200 day moving average price of $309.09. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92. The firm has a market cap of $16.99 billion, a PE ratio of 15.20, a PEG ratio of 1.06 and a beta of 0.56. 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 posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. Research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MOH shares. Truist Financial cut their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. UBS Group reduced their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Barclays decreased their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Stephens reissued an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $355.69.

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.