Cibc World Markets Corp decreased its holdings in Molina Healthcare, Inc. (NYSE:MOH – Get Rating) by 78.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 882 shares of the company’s stock after selling 3,216 shares during the quarter. Cibc World Markets Corp’s holdings in Molina Healthcare were worth $291,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Molina Healthcare by 3.8% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,090 shares of the company’s stock worth $2,821,000 after buying an additional 371 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Molina Healthcare by 1.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 32,434 shares of the company’s stock worth $9,069,000 after buying an additional 429 shares during the last quarter. AdvisorNet Financial Inc raised its position in Molina Healthcare by 8.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,161 shares of the company’s stock worth $383,000 after buying an additional 91 shares during the last quarter. First Horizon Advisors Inc. raised its position in Molina Healthcare by 125.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 514 shares of the company’s stock worth $168,000 after buying an additional 286 shares during the last quarter. Finally, Jump Financial LLC raised its position in Molina Healthcare by 488.4% during the 3rd quarter. Jump Financial LLC now owns 9,715 shares of the company’s stock worth $3,204,000 after buying an additional 8,064 shares during the last quarter. Hedge funds and other institutional investors own 94.25% of the company’s stock.
Molina Healthcare Price Performance
Shares of NYSE MOH opened at $287.29 on Monday. The stock has a market cap of $16.63 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 0.74 and a beta of 0.69. Molina Healthcare, Inc. has a 52 week low of $249.78 and a 52 week high of $374.00. The company’s 50-day moving average price is $307.09 and its 200 day moving average price is $327.43. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.81.
Insiders Place Their Bets
In other Molina Healthcare news, EVP Marc Russo sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $351.17, for a total transaction of $526,755.00. Following the sale, the executive vice president now directly owns 15,513 shares of the company’s stock, valued at approximately $5,447,700.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Molina Healthcare news, EVP Marc Russo sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $351.17, for a total transaction of $526,755.00. Following the sale, the executive vice president now directly owns 15,513 shares of the company’s stock, valued at approximately $5,447,700.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dale B. Wolf sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $339.50, for a total transaction of $848,750.00. Following the completion of the sale, the director now directly owns 15,491 shares in the company, valued at $5,259,194.50. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Stephens restated an “equal weight” rating and set a $375.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 9th. Truist Financial cut their price target on shares of Molina Healthcare from $400.00 to $380.00 and set a “buy” rating for the company in a report on Friday, February 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Molina Healthcare from $315.00 to $355.00 and gave the company a “hold” rating in a report on Tuesday, November 1st. JPMorgan Chase & Co. cut their price target on shares of Molina Healthcare from $360.00 to $348.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Cowen increased their price target on shares of Molina Healthcare from $371.00 to $380.00 in a report on Monday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $358.64.
Molina Healthcare Profile
Molina Healthcare, Inc engages in the provision of health care services. It operates through the following segments: Medicaid, Medicare, Marketplace, and Other. The company was founded by C. David Molina in 1980 and is headquartered in Long Beach, CA.
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