Mitsubishi UFJ Trust & Banking Corp Trims Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 33.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 30,762 shares of the company’s stock after selling 15,691 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.05% of Molina Healthcare worth $8,953,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC boosted its position in Molina Healthcare by 166.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after buying an additional 122,674 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Molina Healthcare in the 4th quarter valued at $26,091,000. Victory Capital Management Inc. boosted its holdings in shares of Molina Healthcare by 48.9% in the 4th quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock valued at $41,092,000 after acquiring an additional 46,350 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Molina Healthcare in the fourth quarter worth $10,725,000. Finally, Jackson Square Partners LLC raised its stake in shares of Molina Healthcare by 48.1% during the 4th quarter. Jackson Square Partners LLC now owns 79,501 shares of the company’s stock valued at $23,139,000 after buying an additional 25,813 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Down 0.2 %

NYSE:MOH opened at $322.78 on Friday. The stock’s fifty day moving average is $302.98 and its two-hundred day moving average is $309.01. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $409.07. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS 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%. Research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. UBS Group lowered 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 note on Friday, February 7th. Mizuho reduced their target price on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Finally, Truist Financial lowered their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $348.75.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now directly owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Molina Healthcare Company 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.