Watershed Asset Management L.L.C. Has $277,000 Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Watershed Asset Management L.L.C. lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 767 shares of the company’s stock after selling 30 shares during the period. Watershed Asset Management L.L.C.’s holdings in Molina Healthcare were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC acquired a new stake in shares of Molina Healthcare in the 4th quarter worth about $106,000. Demars Financial Group LLC raised its holdings in shares of Molina Healthcare by 443.2% in the 4th quarter. Demars Financial Group LLC now owns 10,115 shares of the company’s stock worth $3,655,000 after acquiring an additional 8,253 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Molina Healthcare by 7.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 38,417 shares of the company’s stock worth $13,880,000 after acquiring an additional 2,826 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Molina Healthcare by 1.7% in the 4th quarter. California Public Employees Retirement System now owns 337,294 shares of the company’s stock worth $121,868,000 after acquiring an additional 5,642 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Molina Healthcare by 7.8% in the 4th quarter. Jennison Associates LLC now owns 360,238 shares of the company’s stock worth $130,158,000 after acquiring an additional 26,219 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, April 4th. Barclays began coverage on shares of Molina Healthcare in a research note on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, Truist Financial increased their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $393.09.

Insider Activity

In other news, Director Richard M. Schapiro sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Richard M. Schapiro sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the completion of the transaction, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The disclosure for this sale can be found here. Insiders sold 16,711 shares of company stock valued at $6,472,517 in the last three months. Company insiders own 1.11% of the company’s stock.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock traded up $1.35 on Tuesday, reaching $363.22. 361,436 shares of the company traded hands, compared to its average volume of 394,503. Molina Healthcare, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92. The company has a 50 day moving average of $393.72 and a 200 day moving average of $371.83. The firm has a market capitalization of $21.28 billion, a PE ratio of 19.34, a PEG ratio of 1.03 and a beta of 0.47. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The firm had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the prior year, the firm earned $4.10 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. Equities analysts forecast that Molina Healthcare, Inc. will post 23.62 earnings per share 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.