Natixis Advisors LLC Has $8.71 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Natixis Advisors LLC raised its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 29,928 shares of the company’s stock after acquiring an additional 1,881 shares during the quarter. Natixis Advisors LLC’s holdings in Molina Healthcare were worth $8,711,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Public Sector Pension Investment Board lifted its stake in shares of Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after acquiring an additional 300 shares during the last quarter. Tributary Capital Management LLC lifted its stake in shares of Molina Healthcare by 76.1% in the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock valued at $1,219,000 after acquiring an additional 1,811 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Molina Healthcare in the 4th quarter valued at $544,000. Smartleaf Asset Management LLC lifted its stake in shares of Molina Healthcare by 123.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock valued at $100,000 after acquiring an additional 192 shares during the last quarter. Finally, SYM FINANCIAL Corp bought a new position in shares of Molina Healthcare in the 4th quarter valued at $249,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Truist Financial dropped their price target 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. StockNews.com lowered Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Barclays lowered their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Finally, Mizuho lowered their target price on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. One investment 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 data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $355.69.

Molina Healthcare Stock Up 0.2 %

Shares of NYSE:MOH opened at $315.60 on Friday. The company has a market capitalization of $17.52 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 1.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The business’s 50-day moving average is $299.51 and its 200-day moving average is $309.97. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, February 5th. The company reported $5.05 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 predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

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.