Mendota Financial Group LLC Sells 137 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Mendota Financial Group LLC lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 24.0% during the fourth quarter, HoldingsChannel reports. The firm owned 435 shares of the company’s stock after selling 137 shares during the quarter. Mendota Financial Group LLC’s holdings in Molina Healthcare were worth $127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its stake in Molina Healthcare by 0.5% in the third quarter. State Street Corp now owns 2,614,311 shares of the company’s stock valued at $900,787,000 after acquiring an additional 13,001 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Molina Healthcare by 13.3% in the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock valued at $282,343,000 after purchasing an additional 111,154 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Molina Healthcare by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock valued at $140,026,000 after purchasing an additional 84,929 shares during the last quarter. AQR Capital Management LLC increased its position in Molina Healthcare by 36.2% during the second quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock worth $137,810,000 after buying an additional 123,121 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Molina Healthcare by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock valued at $134,405,000 after buying an additional 10,030 shares during the period. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Up 3.0 %

Shares of MOH opened at $294.53 on Tuesday. The firm has a 50 day simple moving average of $300.38 and a two-hundred day simple moving average of $317.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. The company has a market cap of $16.85 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same period last year, the firm posted $5.05 earnings per share. Molina Healthcare’s revenue was up 21.0% compared to the same quarter last year. Research analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Robert W. Baird reduced their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, Truist Financial dropped their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $359.18.

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.