BNP Paribas Financial Markets Has $25.60 Million Holdings in Molina Healthcare, Inc. (NYSE:MOH)

BNP Paribas Financial Markets boosted its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,310 shares of the company's stock after acquiring an additional 4,783 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.13% of Molina Healthcare worth $25,604,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its stake in shares of Molina Healthcare by 23.9% during the first quarter. Tidal Investments LLC now owns 4,324 shares of the company's stock valued at $1,778,000 after purchasing an additional 833 shares during the last quarter. Hancock Whitney Corp acquired a new position in shares of Molina Healthcare during the first quarter valued at $238,000. Comerica Bank boosted its holdings in Molina Healthcare by 2.5% in the first quarter. Comerica Bank now owns 14,037 shares of the company's stock valued at $5,767,000 after acquiring an additional 341 shares during the last quarter. Cetera Investment Advisers increased its position in Molina Healthcare by 516.4% in the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company's stock worth $4,206,000 after purchasing an additional 8,577 shares during the period. Finally, Cetera Advisors LLC bought a new stake in Molina Healthcare during the 1st quarter worth about $339,000. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Up 0.4 %

NYSE MOH traded up $1.30 during trading hours on Friday, reaching $297.90. 267,142 shares of the company's stock were exchanged, compared to its average volume of 545,797. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The company has a market capitalization of $17.04 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 1.02 and a beta of 0.59. The company's 50-day moving average is $317.40 and its two-hundred day moving average is $322.00. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm's revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.05 earnings per share. On average, analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MOH shares. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Wells Fargo & Company increased their price target on Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Robert W. Baird decreased their price objective on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Finally, Barclays increased their target price on Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have issued 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $367.17.

Molina Healthcare 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.