Tredje AP fonden Trims Stake in Molina Healthcare, Inc. (NYSE:MOH)

Tredje AP fonden lowered its stake in Molina Healthcare, Inc. (NYSE:MOH) by 50.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,544 shares of the company’s stock after selling 4,543 shares during the period. Tredje AP fonden’s holdings in Molina Healthcare were worth $1,323,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. True Wealth Design LLC lifted its stake in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc lifted its stake 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 worth $47,000 after purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in shares of Molina Healthcare during the 4th quarter worth $52,000. EverSource Wealth Advisors LLC lifted its stake in shares of Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock worth $57,000 after purchasing an additional 88 shares during the period. Finally, Financial Perspectives Inc purchased a new position in shares of Molina Healthcare during the 4th quarter worth $59,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Down 0.8 %

Shares of Molina Healthcare stock opened at $308.51 on Friday. The business has a 50-day moving average of $297.78 and a 200-day moving average of $311.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $17.12 billion, a PE ratio of 15.10, a P/E/G ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its earnings results 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 net margin of 2.90% and a return on equity of 28.13%. As a group, equities analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insider Activity

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.11% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the topic of a number of recent analyst reports. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. Barclays cut their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. StockNews.com lowered Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Stephens reaffirmed an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. Finally, UBS Group cut their target price 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Molina Healthcare presently has an average rating of “Hold” and an average price target of $355.69.

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.