Gateway Investment Advisers LLC Sells 457 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Gateway Investment Advisers LLC cut its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,341 shares of the company’s stock after selling 457 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Molina Healthcare were worth $5,629,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MOH. Choreo LLC bought a new stake in shares of Molina Healthcare during the second quarter valued at approximately $226,000. Massachusetts Financial Services Co. MA grew its position in Molina Healthcare by 10.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,375 shares of the company’s stock valued at $409,000 after purchasing an additional 126 shares during the period. Dimensional Fund Advisors LP grew its position in Molina Healthcare by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock valued at $140,026,000 after purchasing an additional 84,929 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Molina Healthcare by 133.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 21,087 shares of the company’s stock valued at $6,603,000 after purchasing an additional 12,058 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in Molina Healthcare by 16.1% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,200 shares of the company’s stock worth $357,000 after buying an additional 166 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Robert W. Baird reduced their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company lifted their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Truist Financial lowered their price target on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given 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.com, the company has a consensus rating of “Hold” and a consensus price target of $359.18.

Molina Healthcare Trading Up 1.3 %

NYSE MOH opened at $286.36 on Friday. The business’s fifty day moving average is $296.84 and its 200-day moving average is $316.81. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The stock has a market capitalization of $16.38 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 0.89 and a beta of 0.54. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same quarter in the previous year, the firm posted $5.05 earnings per share. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities research analysts predict that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

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.