Swiss National Bank Has $48.20 Million Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Swiss National Bank cut its stake in Molina Healthcare, Inc. (NYSE:MOH) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 165,600 shares of the company’s stock after selling 8,300 shares during the period. Swiss National Bank owned approximately 0.29% of Molina Healthcare worth $48,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc boosted its stake in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in Molina Healthcare in the 4th quarter worth $52,000. EverSource Wealth Advisors LLC boosted its stake in Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock worth $57,000 after purchasing an additional 88 shares during the period. Finally, Financial Perspectives Inc bought a new stake in Molina Healthcare during the 4th quarter worth about $59,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now owns 17,375 shares in the company, 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 at this link. Company insiders own 1.11% of the company’s stock.

Molina Healthcare Stock Performance

NYSE MOH opened at $308.51 on Monday. 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 firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.06 and a beta of 0.56. The firm’s 50 day simple moving average is $298.06 and its 200 day simple moving average is $310.37. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, research analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on MOH shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Mizuho dropped their target price on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. UBS Group dropped their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. StockNews.com cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, Truist Financial decreased their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and an average price target of $355.69.

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.