Skandinaviska Enskilda Banken AB publ Sells 25,821 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Skandinaviska Enskilda Banken AB publ lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 17.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,257 shares of the company’s stock after selling 25,821 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.21% of Molina Healthcare worth $36,347,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MOH. Innealta Capital LLC bought a new stake in Molina Healthcare during the second quarter worth about $36,000. Ashton Thomas Private Wealth LLC bought a new stake in Molina Healthcare during the second quarter worth about $40,000. Principal Securities Inc. bought a new stake in Molina Healthcare during the fourth quarter worth about $42,000. AM Squared Ltd bought a new stake in Molina Healthcare during the second quarter worth about $59,000. Finally, Mather Group LLC. bought a new stake in Molina Healthcare during the first quarter worth about $123,000. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. TD Cowen dropped their price target on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a report on Monday, July 29th. StockNews.com downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group decreased their price objective on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Finally, Wells Fargo & Company lifted their price objective on Molina Healthcare from $315.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Molina Healthcare has an average rating of “Hold” and a consensus target price of $378.00.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the sale, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the sale, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the sale, the chief accounting officer now directly owns 9,473 shares in the company, valued at $3,282,583.96. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Molina Healthcare Stock Down 1.5 %

Shares of NYSE:MOH opened at $349.91 on Friday. Molina Healthcare, Inc. has a 1 year low of $282.96 and a 1 year high of $423.92. The company has a market cap of $20.50 billion, a PE ratio of 18.99, a P/E/G ratio of 1.20 and a beta of 0.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s 50-day moving average is $334.43 and its 200 day moving average is $343.69.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The company had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the previous year, the business earned $5.65 EPS. Molina Healthcare’s revenue was up 18.7% compared to the same quarter last year. Sell-side analysts anticipate that Molina Healthcare, Inc. will post 23.5 EPS for the current year.

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.