Mutual of America Capital Management LLC Lowers Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Mutual of America Capital Management LLC cut its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,868 shares of the company’s stock after selling 364 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Molina Healthcare were worth $1,999,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC boosted its stake in Molina Healthcare by 4.7% during the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after buying an additional 33 shares during the last quarter. WCM Investment Management LLC raised its position in shares of Molina Healthcare by 3.4% during the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after buying an additional 36 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Molina Healthcare by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after acquiring an additional 39 shares during the last quarter. Caprock Group LLC grew its position in Molina Healthcare by 3.3% in the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after acquiring an additional 47 shares in the last quarter. Finally, Bank of Hawaii increased its stake in Molina Healthcare by 4.6% during the third quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock worth $422,000 after acquiring an additional 54 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Price Performance

Shares of MOH stock opened at $327.11 on Friday. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. 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 stock has a fifty day simple moving average of $294.58 and a two-hundred day simple moving average of $312.04. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data 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 net margin of 2.90% and a return on equity of 28.13%. On average, analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MOH has been the topic of several recent research reports. Truist Financial decreased their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $295.00 to $372.00 in a research note on Wednesday. Finally, Stephens reissued an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $355.69.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

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.