Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 23.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121 shares of the company’s stock after selling 37 shares during the period. EverSource Wealth Advisors LLC’s holdings in Molina Healthcare were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Molina Healthcare by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,585,954 shares of the company’s stock worth $2,379,571,000 after acquiring an additional 23,715 shares during the period. Capital World Investors grew its holdings in Molina Healthcare by 0.3% in the fourth quarter. Capital World Investors now owns 5,490,147 shares of the company’s stock valued at $1,983,645,000 after purchasing an additional 14,775 shares during the last quarter. Wellington Management Group LLP grew its holdings in Molina Healthcare by 12.8% in the fourth quarter. Wellington Management Group LLP now owns 3,831,100 shares of the company’s stock valued at $1,384,215,000 after purchasing an additional 436,060 shares during the last quarter. Capital Research Global Investors grew its holdings in Molina Healthcare by 5.4% in the fourth quarter. Capital Research Global Investors now owns 2,430,283 shares of the company’s stock valued at $878,086,000 after purchasing an additional 123,894 shares during the last quarter. Finally, Capital International Investors grew its holdings in Molina Healthcare by 0.9% in the first quarter. Capital International Investors now owns 1,665,801 shares of the company’s stock valued at $684,361,000 after purchasing an additional 15,264 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MOH. TD Cowen lowered their target price on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Truist Financial lowered their target price on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, July 15th. StockNews.com lowered Molina Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. 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 research note on Wednesday, July 24th. Finally, 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 research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Molina Healthcare currently has an average rating of “Hold” and a consensus target price of $378.00.

Molina Healthcare Stock Performance

NYSE MOH opened at $341.86 on Friday. The business’s 50-day moving average price is $340.66 and its 200 day moving average price is $341.76. Molina Healthcare, Inc. has a twelve month low of $282.96 and a twelve month high of $423.92. The company has a market capitalization of $20.03 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.21 and a beta of 0.57. 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 (NYSE:MOH) last released its earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share for the quarter, topping 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 firm had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same period in the prior year, the business posted $5.65 earnings per share. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, research analysts predict that Molina Healthcare, Inc. will post 23.5 earnings per share for the current year.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the transaction, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Maurice Hebert sold 393 shares of the firm’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 directly owns 9,473 shares in the company, valued at approximately $3,282,583.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the completion of the transaction, the director now owns 18,025 shares in the company, valued at $6,114,260.25. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.