Molina Healthcare, Inc. (NYSE:MOH) Stock Position Decreased by Railway Pension Investments Ltd

Railway Pension Investments Ltd cut its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 79.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,300 shares of the company’s stock after selling 155,743 shares during the quarter. Railway Pension Investments Ltd owned about 0.07% of Molina Healthcare worth $12,278,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MOH. Allspring Global Investments Holdings LLC raised its holdings in Molina Healthcare by 8.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 70,187 shares of the company’s stock valued at $20,867,000 after buying an additional 5,691 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of Molina Healthcare by 1.8% in the 2nd quarter. State of Michigan Retirement System now owns 16,832 shares of the company’s stock valued at $5,004,000 after acquiring an additional 300 shares in the last quarter. EFG Asset Management North America Corp. lifted its holdings in Molina Healthcare by 17.6% in the 2nd quarter. EFG Asset Management North America Corp. now owns 6,401 shares of the company’s stock worth $1,902,000 after purchasing an additional 959 shares during the last quarter. Overbrook Management Corp boosted its position in Molina Healthcare by 14.5% during the second quarter. Overbrook Management Corp now owns 29,784 shares of the company’s stock worth $8,855,000 after purchasing an additional 3,777 shares during the period. Finally, Clear Creek Financial Management LLC raised its position in shares of Molina Healthcare by 9.0% in the second quarter. Clear Creek Financial Management LLC now owns 1,594 shares of the company’s stock valued at $474,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the sale, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the transaction, the director now owns 18,025 shares in the company, valued at $6,114,260.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Maurice Hebert sold 393 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the sale, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at $3,282,583.96. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

MOH has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their target price on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Monday, August 19th. Stephens reaffirmed an “equal weight” rating and issued a $320.00 target price on shares of Molina Healthcare in a report on Thursday, July 25th. Truist Financial cut their price target on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a report on Monday, July 15th. Finally, Baird R W upgraded shares of Molina Healthcare to a “strong-buy” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $378.00.

Molina Healthcare Stock Down 0.0 %

MOH stock traded down $0.01 during midday trading on Tuesday, hitting $347.28. The company’s stock had a trading volume of 29,169 shares, compared to its average volume of 489,419. The stock has a market capitalization of $20.35 billion, a P/E ratio of 18.84, a PEG ratio of 1.20 and a beta of 0.58. The company’s fifty day moving average price is $317.29 and its 200 day moving average price is $349.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. Molina Healthcare, Inc. has a twelve month low of $282.96 and a twelve month high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, topping the consensus estimate of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same period in the previous year, the company posted $5.65 EPS. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, equities research analysts predict that Molina Healthcare, Inc. will post 23.5 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.