Semanteon Capital Management LP Has $659,000 Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Semanteon Capital Management LP lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,265 shares of the company’s stock after selling 270 shares during the quarter. Semanteon Capital Management LP’s holdings in Molina Healthcare were worth $659,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC grew its position in shares of Molina Healthcare by 166.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after purchasing an additional 122,674 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $26,091,000. Victory Capital Management Inc. grew its position in shares of Molina Healthcare by 48.9% in the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock valued at $41,092,000 after purchasing an additional 46,350 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $10,725,000. Finally, NFJ Investment Group LLC acquired a new position in shares of Molina Healthcare in the third quarter valued at approximately $7,432,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Truist Financial decreased their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Stephens reaffirmed an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. Mizuho decreased their target price on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. UBS Group cut their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Finally, StockNews.com cut Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $355.69.

Molina Healthcare Stock Down 1.7 %

NYSE MOH opened at $309.85 on Friday. The business has a fifty day moving average price of $299.99 and a two-hundred day moving average price of $309.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $423.92. The stock has a market capitalization of $17.20 billion, a PE ratio of 15.17, a PEG ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last released its earnings results 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 return on equity of 28.13% and a net margin of 2.90%. Equities analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

About Molina Healthcare

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.