Aster Capital Management DIFC Ltd Reduces Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Aster Capital Management DIFC Ltd decreased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 48.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,071 shares of the company’s stock after selling 1,937 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Molina Healthcare were worth $603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOH. Quadrant Capital Group LLC grew its stake in Molina Healthcare by 11.4% in the 4th quarter. Quadrant Capital Group LLC now owns 627 shares of the company’s stock worth $182,000 after acquiring an additional 64 shares during the period. Russell Investments Group Ltd. grew its position in shares of Molina Healthcare by 13.5% in the fourth quarter. Russell Investments Group Ltd. now owns 116,455 shares of the company’s stock valued at $33,885,000 after purchasing an additional 13,850 shares during the period. Hurley Capital LLC acquired a new position in Molina Healthcare in the fourth quarter valued at $55,000. Dynamic Technology Lab Private Ltd purchased a new position in Molina Healthcare during the fourth quarter worth about $1,289,000. Finally, Rhenman & Partners Asset Management AB lifted its position in Molina Healthcare by 15.5% during the fourth quarter. Rhenman & Partners Asset Management AB now owns 34,200 shares of the company’s stock worth $9,954,000 after buying an additional 4,600 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MOH shares. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. Mizuho dropped their price target on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Stephens reiterated an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. Truist Financial dropped their price objective on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, UBS Group cut their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Molina Healthcare presently has an average rating of “Moderate Buy” and an average target price of $348.75.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $347.26 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $383.58. The company has a market capitalization of $18.99 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.06 and a beta of 0.70. The business has a 50-day moving average of $306.76 and a 200-day moving average of $308.09.

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