Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 21.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,012 shares of the company’s stock after selling 14,328 shares during the period. Canada Pension Plan Investment Board owned 0.09% of Molina Healthcare worth $16,058,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of Molina Healthcare during the 2nd quarter worth about $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in Molina Healthcare during the second quarter worth approximately $40,000. AM Squared Ltd acquired a new position in Molina Healthcare in the second quarter valued at approximately $59,000. Mather Group LLC. acquired a new position in Molina Healthcare in the first quarter valued at approximately $123,000. Finally, Lindbrook Capital LLC raised its holdings in Molina Healthcare by 47.0% during the first quarter. Lindbrook Capital LLC now owns 322 shares of the company’s stock worth $132,000 after purchasing an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Buying and Selling at Molina Healthcare

In other news, CAO Maurice Hebert sold 393 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the transaction, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were 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 in the company, valued at approximately $6,114,260.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Maurice Hebert sold 393 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the transaction, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $347.98 on Tuesday. The stock has a fifty day moving average price of $336.88 and a 200 day moving average price of $342.52. Molina Healthcare, Inc. has a 1-year low of $282.96 and a 1-year high of $423.92. 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 company has a market cap of $20.39 billion, a PE ratio of 18.88, a P/E/G ratio of 1.20 and a beta of 0.57.

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

Wall Street Analyst Weigh In

MOH has been the subject of several research analyst reports. Jefferies Financial Group lowered their target price on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. Truist Financial decreased their price objective on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, July 15th. TD Cowen cut their target price on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Wells Fargo & Company upped their target price on Molina Healthcare from $315.00 to $360.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Finally, Stephens reaffirmed an “equal weight” rating and set a $320.00 price target on shares of Molina Healthcare in a research report on Thursday, July 25th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $378.00.

About Molina Healthcare

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.