Mitsubishi UFJ Trust & Banking Corp Cuts Holdings in Molina Healthcare, Inc $MOH

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Molina Healthcare, Inc (NYSE:MOH) by 39.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,492 shares of the company’s stock after selling 17,809 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Molina Healthcare were worth $5,261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Horizon Advisors Inc. boosted its position in shares of Molina Healthcare by 2,140.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 107 shares in the last quarter. Bogart Wealth LLC purchased a new position in shares of Molina Healthcare in the 3rd quarter valued at about $39,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Molina Healthcare in the second quarter valued at about $45,000. MUFG Securities EMEA plc purchased a new stake in Molina Healthcare during the second quarter worth about $48,000. Finally, SJS Investment Consulting Inc. boosted its holdings in Molina Healthcare by 6,225.0% during the third quarter. SJS Investment Consulting Inc. now owns 253 shares of the company’s stock worth $48,000 after buying an additional 249 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $184.74 on Friday. Molina Healthcare, Inc has a fifty-two week low of $133.40 and a fifty-two week high of $359.97. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 11.44 and a beta of 0.49. The stock has a fifty day moving average of $170.23 and a two-hundred day moving average of $172.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.68 and a current ratio of 1.68.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MOH. Truist Financial set a $175.00 target price on shares of Molina Healthcare in a report on Friday, October 24th. Mizuho set a $220.00 price objective on Molina Healthcare in a research note on Friday, January 9th. Barclays boosted their target price on Molina Healthcare from $144.00 to $164.00 and gave the stock an “underweight” rating in a research report on Monday, January 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Molina Healthcare in a research report on Thursday, January 22nd. Finally, Cantor Fitzgerald cut their price target on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $193.47.

Insider Buying and Selling

In related news, Director Richard M. Schapiro sold 357 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $143.02, for a total value of $51,058.14. Following the completion of the transaction, the director owned 11,352 shares of the company’s stock, valued at approximately $1,623,563.04. The trade was a 3.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.