Semanteon Capital Management LP Has $659,000 Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Semanteon Capital Management LP lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,265 shares of the company’s stock after selling 270 shares during the quarter. Semanteon Capital Management LP’s holdings in Molina Healthcare were worth $659,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Natixis Advisors LLC grew its holdings in Molina Healthcare by 6.7% during the 3rd quarter. Natixis Advisors LLC now owns 28,047 shares of the company’s stock worth $9,664,000 after acquiring an additional 1,757 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Molina Healthcare by 1.1% in the 3rd quarter. Pathstone Holdings LLC now owns 6,153 shares of the company’s stock valued at $2,120,000 after acquiring an additional 69 shares during the period. Caprock Group LLC raised its position in shares of Molina Healthcare by 3.3% in the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after acquiring an additional 47 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Molina Healthcare in the 3rd quarter valued at approximately $1,743,000. Finally, Intech Investment Management LLC raised its position in shares of Molina Healthcare by 14.1% in the 3rd quarter. Intech Investment Management LLC now owns 16,924 shares of the company’s stock valued at $5,831,000 after acquiring an additional 2,097 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on MOH shares. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Barclays cut their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Stephens restated an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Finally, Truist Financial dropped their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $355.69.

Molina Healthcare Price Performance

NYSE MOH opened at $309.85 on Friday. 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, Inc. has a 12-month low of $262.32 and a 12-month high of $423.92. The company has a market capitalization of $17.20 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The firm’s 50 day moving average is $299.99 and its 200-day moving average is $309.69.

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

Insiders Place Their Bets

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The stock was 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 approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

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.