Sequoia Financial Advisors LLC Has $446,000 Position in Molina Healthcare, Inc. (NYSE:MOH)

Sequoia Financial Advisors LLC boosted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 28.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,532 shares of the company’s stock after buying an additional 337 shares during the period. Sequoia Financial Advisors LLC’s holdings in Molina Healthcare were worth $446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC grew its stake in shares of Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after buying an additional 100 shares during the period. Versant Capital Management Inc boosted its holdings in Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare in the fourth quarter valued at approximately $52,000. Financial Perspectives Inc bought a new stake in shares of Molina Healthcare during the fourth quarter valued at approximately $59,000. Finally, Lindbrook Capital LLC raised its position in shares of Molina Healthcare by 38.5% during the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock worth $60,000 after purchasing an additional 57 shares during the period. 98.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on MOH shares. StockNews.com lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Mizuho lowered 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. Stephens reiterated an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. Truist Financial lowered their price objective on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Molina Healthcare has an average rating of “Hold” and a consensus target price of $355.69.

Molina Healthcare Stock Up 0.3 %

MOH opened at $316.97 on Wednesday. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The company’s 50-day moving average price is $298.86 and its two-hundred day moving average price is $309.90. The stock has a market cap of $17.59 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.06 and a beta of 0.56. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

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

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

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.