KBC Group NV Sells 67,685 Shares of Molina Healthcare, Inc. (NYSE:MOH)

KBC Group NV cut its position in Molina Healthcare, Inc. (NYSE:MOH) by 38.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 109,493 shares of the company’s stock after selling 67,685 shares during the quarter. KBC Group NV’s holdings in Molina Healthcare were worth $37,727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in Molina Healthcare during the second quarter valued at approximately $36,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Molina Healthcare in the 2nd quarter valued at $40,000. AM Squared Ltd bought a new position in shares of Molina Healthcare in the 2nd quarter valued at $59,000. Capital Performance Advisors LLP acquired a new position in shares of Molina Healthcare during the 3rd quarter worth $62,000. Finally, UMB Bank n.a. raised its holdings in shares of Molina Healthcare by 96.2% during the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after buying an additional 101 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

MOH has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Barclays upped their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. TD Cowen dropped their price objective on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Stephens reaffirmed an “equal weight” rating and set a $320.00 target price on shares of Molina Healthcare in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $367.17.

Molina Healthcare Stock Performance

NYSE MOH opened at $305.87 on Friday. The company has a market capitalization of $17.50 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.06 and a beta of 0.59. The stock has a fifty day simple moving average of $329.37 and a 200 day simple moving average of $326.23. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same quarter last year, the business earned $5.05 EPS. The company’s revenue was up 21.0% compared to the same quarter last year. Sell-side analysts expect that Molina Healthcare, Inc. will post 23.45 EPS 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.