Candriam S.C.A. Trims Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Candriam S.C.A. cut its stake in Molina Healthcare, Inc. (NYSE:MOH) by 86.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,169 shares of the company’s stock after selling 34,145 shares during the period. Candriam S.C.A.’s holdings in Molina Healthcare were worth $1,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted 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 valued at $871,000 after acquiring an additional 300 shares during the last quarter. Tributary Capital Management LLC raised its holdings in shares of Molina Healthcare by 76.1% in 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. purchased a new stake in shares of Molina Healthcare in the fourth quarter valued at about $544,000. SYM FINANCIAL Corp purchased a new stake in shares of Molina Healthcare in the fourth quarter valued at about $249,000. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of Molina Healthcare in the third quarter valued at about $2,947,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of research reports. Barclays reduced their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report 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 report on Monday, March 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Stephens reaffirmed an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Finally, Truist Financial dropped 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 note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $355.69.

Insider Activity

In other 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 in the company, valued at $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Up 1.0 %

Shares of MOH opened at $327.11 on Monday. 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’s 50-day moving average is $295.28 and its two-hundred day moving average is $311.65. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The firm has a market capitalization of $18.15 billion, a P/E ratio of 16.01, a PEG ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last issued its earnings results 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 return on equity of 28.13% and a net margin of 2.90%. On average, research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share 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.