Boston Partners Decreases Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Boston Partners reduced its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 955,170 shares of the company’s stock after selling 327,798 shares during the quarter. Boston Partners owned 1.67% of Molina Healthcare worth $278,029,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC raised its position in shares of Molina Healthcare by 166.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after acquiring an additional 122,674 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Molina Healthcare in the fourth quarter worth $26,091,000. Victory Capital Management Inc. increased its position in Molina Healthcare by 48.9% in the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock worth $41,092,000 after buying an additional 46,350 shares during the period. Raymond James Financial Inc. acquired a new stake in Molina Healthcare in the fourth quarter worth $10,725,000. Finally, NFJ Investment Group LLC acquired a new stake in Molina Healthcare in the third quarter worth $7,432,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MOH has been the topic of several analyst reports. UBS Group dropped their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Truist Financial decreased their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. StockNews.com cut Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. JPMorgan Chase & Co. reissued 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. Finally, 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $355.69.

Molina Healthcare Trading Up 0.3 %

Shares of MOH stock opened at $316.97 on Wednesday. The stock has a 50-day simple moving average of $298.86 and a 200 day simple moving average of $309.90. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $423.92. The stock has a market capitalization of $17.59 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.06 and a beta of 0.56. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. On average, sell-side analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.