Handelsbanken Fonder AB Sells 100 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Handelsbanken Fonder AB reduced its position in Molina Healthcare, Inc. (NYSE:MOH) by 0.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,337 shares of the company’s stock after selling 100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Molina Healthcare were worth $4,173,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC increased its holdings in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after buying an additional 100 shares during the period. Versant Capital Management Inc grew its holdings in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Molina Healthcare during the 4th quarter valued at approximately $52,000. Financial Perspectives Inc bought a new stake in shares of Molina Healthcare during the 4th quarter valued at approximately $59,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Molina Healthcare during the 3rd quarter valued at approximately $62,000. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Performance

NYSE MOH opened at $283.89 on Monday. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The company has a 50-day simple moving average of $293.21 and a 200 day simple moving average of $314.10. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $15.76 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MOH. Truist Financial decreased their price target 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 cut their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Stephens reiterated an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. Finally, Wells Fargo & Company upped their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Molina Healthcare currently has an average rating of “Hold” and a consensus target price of $353.17.

Molina Healthcare 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.