Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in Molina Healthcare, Inc. (NYSE:MOH) by 87.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,927 shares of the company’s stock after selling 42,999 shares during the quarter. Quantbot Technologies LP’s holdings in Molina Healthcare were worth $2,042,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MOH. CWM LLC grew its stake in shares of Molina Healthcare by 76.2% during the third quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after purchasing an additional 1,730 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Molina Healthcare by 516.4% in the 1st quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock valued at $4,206,000 after acquiring an additional 8,577 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Molina Healthcare by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company’s stock worth $50,421,000 after acquiring an additional 1,778 shares in the last quarter. BDF Gestion purchased a new stake in Molina Healthcare during the second quarter worth approximately $1,591,000. Finally, Victory Capital Management Inc. boosted its holdings in Molina Healthcare by 38.5% in the second quarter. Victory Capital Management Inc. now owns 89,083 shares of the company’s stock valued at $26,484,000 after purchasing an additional 24,778 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MOH shares. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Company boosted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Barclays raised their price objective on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Finally, Robert W. Baird dropped their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $367.17.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $296.60 on Friday. The business has a 50-day moving average of $319.53 and a 200-day moving average of $322.75. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The company has a market capitalization of $16.97 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 1.03 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.92 billion. During the same period in the prior year, the firm posted $5.05 EPS. The firm’s revenue was up 21.0% compared to the same quarter last year. On average, equities analysts anticipate that Molina Healthcare, Inc. will post 23.44 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.