Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC cut its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,344 shares of the company’s stock after selling 258 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Molina Healthcare were worth $1,931,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of Molina Healthcare by 8.3% in the third quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock worth $1,113,200,000 after purchasing an additional 259,474 shares in the last quarter. California Public Employees Retirement System increased its stake in Molina Healthcare by 53.0% during the 3rd quarter. California Public Employees Retirement System now owns 331,652 shares of the company’s stock valued at $108,745,000 after buying an additional 114,890 shares during the period. Invesco Ltd. lifted its stake in shares of Molina Healthcare by 10.4% in the 3rd quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock worth $390,242,000 after acquiring an additional 112,243 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Molina Healthcare by 28.5% in the third quarter. Lord Abbett & CO. LLC now owns 470,386 shares of the company’s stock valued at $154,234,000 after acquiring an additional 104,350 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Molina Healthcare by 4,019.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company’s stock valued at $37,282,000 after acquiring an additional 100,680 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the transaction, the director now owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays decreased their price target on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Bank of America lowered Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price on the stock. in a report on Thursday, March 28th. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company dropped their target price on shares of Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. Finally, Stephens restated an “equal weight” rating and set a $390.00 target price on shares of Molina Healthcare in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $404.90.

Molina Healthcare Trading Down 0.2 %

Molina Healthcare stock opened at $345.00 on Friday. The firm has a market capitalization of $20.22 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.06 and a beta of 0.54. The company has a 50 day moving average price of $376.10 and a 200 day moving average price of $371.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 1.49. Molina Healthcare, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, topping the consensus estimate of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The business had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.45 billion. During the same period last year, the company posted $5.81 earnings per share. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. Research analysts forecast that Molina Healthcare, Inc. will post 23.58 EPS for the current year.

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.