Canada Pension Plan Investment Board Sells 1,135 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Canada Pension Plan Investment Board lowered its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,340 shares of the company’s stock after selling 1,135 shares during the quarter. Canada Pension Plan Investment Board owned 0.12% of Molina Healthcare worth $28,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ritholtz Wealth Management boosted its position in Molina Healthcare by 2.1% in the fourth quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock valued at $585,000 after buying an additional 33 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in Molina Healthcare in the fourth quarter valued at about $128,000. State of Alaska Department of Revenue boosted its position in Molina Healthcare by 3.1% in the fourth quarter. State of Alaska Department of Revenue now owns 25,316 shares of the company’s stock valued at $9,145,000 after buying an additional 770 shares in the last quarter. Quent Capital LLC boosted its position in Molina Healthcare by 25.1% in the fourth quarter. Quent Capital LLC now owns 458 shares of the company’s stock valued at $165,000 after buying an additional 92 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Molina Healthcare by 10.1% in the fourth quarter. Fifth Third Bancorp now owns 1,968 shares of the company’s stock valued at $711,000 after buying an additional 181 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

In other Molina Healthcare 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 transaction of $85,817.50. Following the transaction, the director now owns 16,945 shares of the company’s stock, valued at approximately $5,816,710.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related 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 sale, the director now owns 16,945 shares of the company’s stock, valued at approximately $5,816,710.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James Woys sold 10,000 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the completion of the sale, the chief operating officer now directly owns 53,613 shares in the company, valued at approximately $18,504,526.95. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MOH has been the topic of several analyst reports. Truist Financial reduced their target price on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Barclays lowered their price target on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. Baird R W raised Molina Healthcare to a “strong-buy” rating in a research report on Thursday, May 30th. Wells Fargo & Company reduced their price target on Molina Healthcare from $375.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Monday, July 22nd. Finally, Stephens restated an “equal weight” rating and set a $320.00 target price on shares of Molina Healthcare in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Moderate Buy” and an average target price of $376.18.

Molina Healthcare Trading Up 3.5 %

Molina Healthcare stock traded up $11.19 during trading hours on Friday, reaching $335.36. 1,251,147 shares of the company’s stock were exchanged, compared to its average volume of 770,644. The company has a quick ratio of 1.49, a current ratio of 1.57 and a debt-to-equity ratio of 0.49. The firm’s 50 day simple moving average is $306.95 and its 200 day simple moving average is $353.35. Molina Healthcare, Inc. has a twelve month low of $282.96 and a twelve month high of $423.92. The firm has a market capitalization of $19.65 billion, a PE ratio of 18.20, a PEG ratio of 1.01 and a beta of 0.58.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, beating the consensus estimate of $5.73 by $0.13. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period last year, the business posted $5.65 EPS. Research analysts predict that Molina Healthcare, Inc. will post 23.14 earnings per share 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.