Commerce Bank Sells 7,931 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Commerce Bank decreased its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 59.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,384 shares of the company's stock after selling 7,931 shares during the quarter. Commerce Bank's holdings in Molina Healthcare were worth $1,567,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MOH. Norges Bank acquired a new position in Molina Healthcare in the 4th quarter valued at $134,675,000. FMR LLC increased its position in shares of Molina Healthcare by 31.1% in the fourth quarter. FMR LLC now owns 1,801,113 shares of the company's stock worth $524,214,000 after purchasing an additional 427,276 shares during the period. Invesco Ltd. raised its stake in Molina Healthcare by 28.5% in the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock valued at $386,229,000 after purchasing an additional 294,180 shares in the last quarter. Wellington Management Group LLP lifted its position in Molina Healthcare by 7.4% during the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company's stock worth $766,111,000 after purchasing an additional 181,073 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in Molina Healthcare by 166.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company's stock worth $57,195,000 after buying an additional 122,674 shares in the last quarter. Institutional investors own 98.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Robert W. Baird restated a "neutral" rating and issued a $375.00 target price (up from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Stephens reaffirmed an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Mizuho boosted their price target on Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday, April 9th. Finally, UBS Group reduced their price objective on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $365.38.

Insider Buying and Selling at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now directly owns 17,375 shares of the company's stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company's stock.

Molina Healthcare Trading Up 0.3 %

NYSE:MOH traded up $0.88 during mid-day trading on Friday, hitting $314.69. 755,041 shares of the company's stock were exchanged, compared to its average volume of 673,210. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $370.99. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $17.21 billion, a P/E ratio of 15.40, a PEG ratio of 1.06 and a beta of 0.70. The company has a 50 day simple moving average of $318.47 and a 200-day simple moving average of $307.75.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping analysts' consensus estimates of $5.86 by $0.22. The company had revenue of $11.15 billion for the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. During the same quarter in the previous year, the business earned $5.73 earnings per share. As a group, research analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share 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.