Amundi Sells 19,712 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Amundi lowered its position in Molina Healthcare, Inc. (NYSE:MOH) by 14.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 116,184 shares of the company’s stock after selling 19,712 shares during the period. Amundi’s holdings in Molina Healthcare were worth $34,738,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MOH. True Wealth Design LLC raised its position in shares of Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Versant Capital Management Inc increased its position in 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 buying an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in Molina Healthcare during the 4th quarter valued at approximately $52,000. Financial Perspectives Inc bought a new position in Molina Healthcare during the 4th quarter valued at approximately $59,000. Finally, Lindbrook Capital LLC increased its position in Molina Healthcare by 38.5% during the 4th quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock valued at $60,000 after buying an additional 57 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business’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 owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.11% of the stock is owned by company insiders.

Molina Healthcare Stock Down 3.0 %

Molina Healthcare stock opened at $315.08 on Thursday. The stock has a market cap of $17.49 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. The stock has a fifty day moving average of $296.83 and a 200 day moving average of $311.18.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Wall Street Analyst Weigh In

MOH has been the subject of a number of analyst reports. Truist Financial reduced their price objective on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. Mizuho reduced their price objective on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Barclays decreased their price target on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. One equities 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 given a strong buy rating to the company. According to MarketBeat.com, Molina Healthcare presently has an average rating of “Hold” and a consensus target price of $355.69.

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.