Crossmark Global Holdings Inc. Sells 2,286 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Crossmark Global Holdings Inc. lessened its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 33.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,500 shares of the company's stock after selling 2,286 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Molina Healthcare were worth $1,551,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in shares of Molina Healthcare during the second quarter worth $36,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Molina Healthcare in the 2nd quarter valued at about $40,000. AM Squared Ltd acquired a new stake in shares of Molina Healthcare in the second quarter valued at about $59,000. Capital Performance Advisors LLP bought a new position in shares of Molina Healthcare during the third quarter worth about $62,000. Finally, UMB Bank n.a. lifted its stake in shares of Molina Healthcare by 96.2% in the third quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after acquiring an additional 101 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Down 1.1 %

Shares of Molina Healthcare stock traded down $3.43 during trading hours on Thursday, reaching $305.87. The company's stock had a trading volume of 676,211 shares, compared to its average volume of 538,938. The company has a market capitalization of $17.50 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.10 and a beta of 0.59. The stock's fifty day simple moving average is $329.37 and its two-hundred day simple moving average is $326.23. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.05 EPS. On average, research analysts forecast that Molina Healthcare, Inc. will post 23.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MOH shares. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. TD Cowen dropped their target price on shares of Molina Healthcare from $412.00 to $351.00 and set a "buy" rating on the stock in a report on Wednesday, July 24th. Stephens reiterated an "equal weight" rating and set a $320.00 price target on shares of Molina Healthcare in a report on Thursday, July 25th. Jefferies Financial Group dropped their price objective on Molina Healthcare from $354.00 to $297.00 and set a "hold" rating on the stock in a research note on Wednesday, July 24th. Finally, Barclays boosted their price target 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Molina Healthcare currently has a consensus 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.