Citigroup Inc. Grows Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Citigroup Inc. lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 18.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,770 shares of the company's stock after buying an additional 13,387 shares during the period. Citigroup Inc. owned approximately 0.15% of Molina Healthcare worth $29,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Raymond James Trust N.A. lifted its stake in shares of Molina Healthcare by 0.6% in the third quarter. Raymond James Trust N.A. now owns 15,836 shares of the company's stock worth $5,456,000 after buying an additional 101 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Molina Healthcare by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company's stock worth $134,405,000 after buying an additional 10,030 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in shares of Molina Healthcare in the third quarter worth about $4,716,000. Intech Investment Management LLC lifted its stake in shares of Molina Healthcare by 14.1% in the third quarter. Intech Investment Management LLC now owns 16,924 shares of the company's stock worth $5,831,000 after buying an additional 2,097 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Molina Healthcare in the third quarter worth about $1,743,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MOH shares. Cantor Fitzgerald restated an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. Wells Fargo & Company raised their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Robert W. Baird cut their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a "hold" rating for the company in a report on Monday, July 29th. Finally, StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $367.17.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock traded down $1.27 on Tuesday, hitting $296.70. The company's stock had a trading volume of 437,940 shares, compared to its average volume of 547,497. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average price of $321.83 and a 200-day moving average price of $323.34. The company has a market capitalization of $16.97 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.00 and a beta of 0.59.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 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 business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same period in the previous year, the firm earned $5.05 EPS. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities research analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

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.