Molina Healthcare, Inc. (NYSE:MOH) Stock Holdings Cut by Centric Wealth Management

Centric Wealth Management lessened its position in Molina Healthcare, Inc. (NYSE:MOH) by 44.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,752 shares of the company’s stock after selling 5,332 shares during the period. Centric Wealth Management’s holdings in Molina Healthcare were worth $1,965,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MOH. Public Sector Pension Investment Board raised its position in Molina Healthcare by 13.5% in the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after acquiring an additional 300 shares in the last quarter. Tributary Capital Management LLC grew its stake in shares of Molina Healthcare by 76.1% in the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock worth $1,219,000 after purchasing an additional 1,811 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Molina Healthcare in the 4th quarter worth approximately $544,000. Smartleaf Asset Management LLC lifted its stake in Molina Healthcare by 123.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock valued at $100,000 after purchasing an additional 192 shares during the last quarter. Finally, SYM FINANCIAL Corp acquired a new stake in Molina Healthcare during the fourth quarter valued at approximately $249,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MOH. Barclays dropped their price target on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. UBS Group cut their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Stephens restated an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, Truist Financial cut their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $348.75.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Molina Healthcare Price Performance

MOH opened at $329.44 on Tuesday. The stock has a fifty day moving average price of $303.84 and a 200 day moving average price of $308.59. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $409.07. The stock has a market cap of $18.02 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (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%. Analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

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.