BlackRock Inc. Has $1.44 Billion Stake in Molina Healthcare, Inc. (NYSE:MOH)

BlackRock Inc. trimmed its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,297,945 shares of the company’s stock after selling 60,340 shares during the period. BlackRock Inc. owned 9.07% of Molina Healthcare worth $1,437,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Molina Healthcare by 1.5% in the second quarter. Principal Financial Group Inc. now owns 204,753 shares of the company’s stock valued at $51,815,000 after buying an additional 2,978 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Molina Healthcare by 141.6% during the second quarter. BNP Paribas Arbitrage SA now owns 36,503 shares of the company’s stock valued at $9,237,000 after purchasing an additional 21,392 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Molina Healthcare by 28.7% during the third quarter. Wedge Capital Management L L P NC now owns 1,907 shares of the company’s stock valued at $517,000 after purchasing an additional 425 shares in the last quarter. Stifel Financial Corp raised its position in Molina Healthcare by 1.9% during the second quarter. Stifel Financial Corp now owns 10,097 shares of the company’s stock valued at $2,555,000 after purchasing an additional 190 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in Molina Healthcare by 1,283.4% during the second quarter. Squarepoint Ops LLC now owns 27,240 shares of the company’s stock valued at $6,893,000 after purchasing an additional 25,271 shares in the last quarter. Institutional investors own 93.77% of the company’s stock.

In related news, Director Daniel Cooperman sold 5,000 shares of the business’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $309.13, for a total value of $1,545,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronna Romney sold 300 shares of the business’s stock in a transaction on Monday, November 8th. The shares were sold at an average price of $305.01, for a total transaction of $91,503.00. The disclosure for this sale can be found here. 1.49% of the stock is owned by insiders.

Several brokerages have commented on MOH. Credit Suisse Group boosted their price objective on shares of Molina Healthcare from $318.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, October 29th. Deutsche Bank Aktiengesellschaft began coverage on shares of Molina Healthcare in a research note on Monday, November 22nd. They set a “hold” rating on the stock. The Goldman Sachs Group began coverage on shares of Molina Healthcare in a research note on Tuesday, December 14th. They set a “buy” rating and a $335.00 target price on the stock. Truist boosted their target price on shares of Molina Healthcare from $345.00 to $360.00 in a research note on Wednesday, January 5th. Finally, Truist Securities boosted their target price on shares of Molina Healthcare from $345.00 to $360.00 in a research note on Wednesday, January 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $323.71.

Shares of Molina Healthcare stock opened at $286.10 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.93. Molina Healthcare, Inc. has a twelve month low of $199.81 and a twelve month high of $328.11. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 0.81 and a beta of 0.73. The company’s fifty day moving average is $302.96 and its 200 day moving average is $281.65.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, October 27th. The company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.03. Molina Healthcare had a net margin of 2.31% and a return on equity of 25.93%. The company had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the firm posted $3.36 earnings per share. Molina Healthcare’s revenue for the quarter was up 40.2% on a year-over-year basis. As a group, equities analysts anticipate that Molina Healthcare, Inc. will post 13.37 earnings per share for the current fiscal year.

About Molina Healthcare

Molina Healthcare, Inc engages in the provision of health care services. It operates through the Health Plans and Other segments. The Health Plans segment consists of health plans in 11 states and the Commonwealth of Puerto Rico and includes direct delivery business. The Other segment includes the historical results of the MMIS and behavioral health subsidiaries.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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