GW&K Investment Management LLC Trims Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

GW&K Investment Management LLC reduced its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 51.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,860 shares of the company’s stock after selling 67,996 shares during the quarter. GW&K Investment Management LLC owned about 0.11% of Molina Healthcare worth $23,434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MOH. Wellington Management Group LLP lifted its stake in Molina Healthcare by 8.3% in the 3rd 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. FMR LLC raised its position in shares of Molina Healthcare by 1.0% in the third quarter. FMR LLC now owns 2,175,796 shares of the company’s stock worth $713,422,000 after buying an additional 22,583 shares in the last quarter. Invesco Ltd. boosted its stake in Molina Healthcare by 10.4% during the third quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock valued at $390,242,000 after buying an additional 112,243 shares during the period. Norges Bank purchased a new stake in shares of Molina Healthcare in the 4th quarter valued at about $275,143,000. Finally, Northern Trust Corp boosted its position in shares of Molina Healthcare by 5.6% during the 3rd quarter. Northern Trust Corp now owns 604,431 shares of the company’s stock valued at $198,187,000 after acquiring an additional 31,786 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Up 0.4 %

NYSE:MOH traded up $1.28 during mid-day trading on Wednesday, hitting $343.60. 24,048 shares of the company’s stock were exchanged, compared to its average volume of 390,339. Molina Healthcare, Inc. has a one year low of $266.35 and a one year high of $423.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $20.13 billion, a PE ratio of 18.57, a P/E/G ratio of 1.05 and a beta of 0.54. The business has a fifty day moving average price of $372.82 and a 200 day moving average price of $372.73.

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

Analyst Ratings Changes

MOH has been the subject of several research analyst reports. Truist Financial lifted their target price on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, April 4th. Wells Fargo & Company dropped their target price on Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating for the company in a research report on Monday, April 29th. Finally, Bank of America downgraded shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target on the stock. in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $404.90.

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.