Vontobel Holding Ltd. Decreases Position in Molina Healthcare, Inc. (NYSE:MOH)

Vontobel Holding Ltd. cut its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,244 shares of the company’s stock after selling 151 shares during the period. Vontobel Holding Ltd.’s holdings in Molina Healthcare were worth $429,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. NBC Securities Inc. increased its holdings in shares of Molina Healthcare by 5.2% in the third quarter. NBC Securities Inc. now owns 2,098 shares of the company’s stock worth $722,000 after purchasing an additional 103 shares during the last quarter. Creative Planning lifted its position in shares of Molina Healthcare by 2.7% during the third quarter. Creative Planning now owns 8,454 shares of the company’s stock worth $2,913,000 after purchasing an additional 226 shares during the last quarter. Oliver Luxxe Assets LLC boosted its position in Molina Healthcare by 1.3% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company’s stock valued at $1,526,000 after buying an additional 55 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Molina Healthcare by 406.6% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 21,996 shares of the company’s stock valued at $7,579,000 after purchasing an additional 17,654 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Molina Healthcare by 85.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,129 shares of the company’s stock valued at $1,078,000 after acquiring an additional 1,438 shares during the period. Institutional investors own 98.50% of the company’s stock.

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the sale, the director now directly owns 18,025 shares of the company’s stock, valued at $6,114,260.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the sale, the director now owns 18,025 shares of the company’s stock, valued at $6,114,260.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MOH shares. Jefferies Financial Group dropped their target price on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. Stephens restated an “equal weight” rating and set a $320.00 price objective on shares of Molina Healthcare in a research report on Thursday, July 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Tuesday, October 1st. Truist Financial lowered their target price on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Finally, Wells Fargo & Company boosted their target price 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, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $378.00.

Molina Healthcare Stock Down 0.9 %

Molina Healthcare stock opened at $283.96 on Wednesday. The firm has a market capitalization of $16.64 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.15 and a beta of 0.58. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49. Molina Healthcare, Inc. has a twelve month low of $282.19 and a twelve month high of $423.92. The stock’s fifty day simple moving average is $337.46 and its 200-day simple moving average is $330.91.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The business 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 posted $5.65 EPS. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. As a group, equities analysts expect that Molina Healthcare, Inc. will post 23.5 earnings per share for the current fiscal 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.