Capital International Investors Has $460.19 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

Capital International Investors decreased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 7.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,581,123 shares of the company’s stock after selling 133,603 shares during the quarter. Capital International Investors’ holdings in Molina Healthcare were worth $460,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOH. Versant Capital Management Inc boosted its position in shares of Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare in the 4th quarter worth $52,000. Hurley Capital LLC bought a new position in shares of Molina Healthcare during the 4th quarter worth about $55,000. EverSource Wealth Advisors LLC raised its position in shares of Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after buying an additional 88 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Molina Healthcare by 337.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company’s stock worth $58,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Baird R W downgraded Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Truist Financial boosted their price target on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, April 11th. Guggenheim initiated coverage on shares of Molina Healthcare in a report on Wednesday, April 9th. They set a “neutral” rating for the company. Barclays dropped their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, UBS Group decreased their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $359.42.

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Molina Healthcare Stock Performance

Shares of NYSE:MOH opened at $322.57 on Friday. The business has a fifty day moving average of $313.73 and a 200-day moving average of $308.23. 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 twelve month low of $262.32 and a twelve month high of $370.99. The firm has a market cap of $17.64 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. On average, equities research analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Molina Healthcare 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.