Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Barclays PLC

Barclays PLC lowered its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,908 shares of the company's stock after selling 2,777 shares during the period. Barclays PLC owned about 0.34% of Molina Healthcare worth $67,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Molina Healthcare in the 2nd quarter valued at approximately $36,000. True Wealth Design LLC lifted its holdings in Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after acquiring an additional 100 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Molina Healthcare in the second quarter valued at $40,000. AM Squared Ltd purchased a new stake in shares of Molina Healthcare during the 2nd quarter worth $59,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Molina Healthcare during the 3rd quarter worth $62,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Trading Down 1.1 %

Shares of NYSE MOH traded down $3.26 during midday trading on Thursday, reaching $297.05. 748,267 shares of the stock were exchanged, compared to its average volume of 550,882. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $16.99 billion, a P/E ratio of 15.09, a P/E/G ratio of 1.02 and a beta of 0.54. The stock has a 50 day moving average price of $310.46 and a 200-day moving average price of $319.61. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. During the same period in the previous year, the firm posted $5.05 EPS. Molina Healthcare's revenue was up 21.0% on a year-over-year basis. Equities research analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Robert W. Baird lowered their price target on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Barclays lifted 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. Finally, Wells Fargo & Company upped their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $367.17.

Molina Healthcare Company Profile

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.