Sanctuary Advisors LLC Sells 642 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Sanctuary Advisors LLC cut its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,076 shares of the company’s stock after selling 642 shares during the period. Sanctuary Advisors LLC’s holdings in Molina Healthcare were worth $650,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MOH. Private Advisor Group LLC acquired a new position in shares of Molina Healthcare during the third quarter worth $215,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Molina Healthcare by 27.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,039 shares of the company’s stock worth $1,723,000 after purchasing an additional 1,084 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Molina Healthcare by 9.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,706 shares of the company’s stock worth $932,000 after purchasing an additional 242 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of Molina Healthcare during the third quarter worth $286,000. Finally, Cigna Investments Inc. New acquired a new position in shares of Molina Healthcare during the third quarter worth $207,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

NYSE:MOH opened at $301.45 on Friday. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market cap of $16.73 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.06 and a beta of 0.54. The firm’s fifty day moving average is $293.12 and its two-hundred day moving average is $313.19.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 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%. Research analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MOH shares. Wells Fargo & Company upped their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. UBS Group dropped their price objective 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. Truist Financial dropped their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Stephens reissued an “equal weight” rating and set a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare has an average rating of “Hold” and an average price target of $353.17.

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.