Fmr LLC Reduces Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

FMR LLC decreased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 19.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,373,837 shares of the company's stock after selling 331,912 shares during the quarter. FMR LLC owned approximately 2.40% of Molina Healthcare worth $473,369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of Molina Healthcare in the 2nd quarter valued at $36,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Molina Healthcare during the second quarter worth about $40,000. AM Squared Ltd purchased a new position in shares of Molina Healthcare during the second quarter worth about $59,000. Capital Performance Advisors LLP acquired a new stake in shares of Molina Healthcare during the third quarter worth about $62,000. Finally, UMB Bank n.a. lifted its holdings in shares of Molina Healthcare by 96.2% in the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company's stock valued at $71,000 after purchasing an additional 101 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

Shares of MOH stock 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 current ratio of 1.54 and a quick ratio of 1.55. The company's 50 day moving average is $317.40 and its two-hundred day moving average is $322.00. The company has a market cap of $17.04 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 1.02 and a beta of 0.59. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last released 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 firm had revenue of $10.34 billion during the quarter, compared to analysts' expectations of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. Molina Healthcare's revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.05 earnings per share. Equities research analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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