Voya Investment Management LLC Sells 96,558 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Voya Investment Management LLC reduced its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 72.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,223 shares of the company’s stock after selling 96,558 shares during the quarter. Voya Investment Management LLC’s holdings in Molina Healthcare were worth $10,543,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MOH. Tributary Capital Management LLC raised its position in shares of Molina Healthcare by 76.1% during the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock valued at $1,219,000 after buying an additional 1,811 shares during the last quarter. Everence Capital Management Inc. bought a new position in Molina Healthcare during the fourth quarter valued at about $544,000. Smartleaf Asset Management LLC raised its holdings in Molina Healthcare by 123.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock valued at $100,000 after acquiring an additional 192 shares in the last quarter. SYM FINANCIAL Corp bought a new stake in shares of Molina Healthcare in the 4th quarter worth approximately $249,000. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Molina Healthcare during the 3rd quarter worth approximately $2,947,000. 98.50% of the stock is owned by institutional investors.

Insider Activity

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 value of $301,330.00. Following the completion of the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $320.51 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $17.53 billion, a P/E ratio of 15.69, a PEG ratio of 1.06 and a beta of 0.70. The business has a 50-day moving average of $320.07 and a 200-day moving average of $307.33. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $365.23.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.12. The firm had revenue of $11.15 billion during the quarter, compared to analysts’ expectations of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.73 earnings per share. On average, equities analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of recent research reports. Stephens restated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Barclays increased their price objective on shares of Molina Healthcare from $339.00 to $362.00 and gave the company an “equal weight” rating in a research note on Friday. Guggenheim assumed coverage on shares of Molina Healthcare in a research report on Wednesday, April 9th. They set a “neutral” rating on the stock. Sanford C. Bernstein assumed coverage on shares of Molina Healthcare in a research note on Tuesday, April 22nd. They issued an “outperform” rating and a $414.00 target price on the stock. Finally, Baird R W cut shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $365.38.

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.