Geode Capital Management LLC Has $481.42 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Geode Capital Management LLC reduced its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,401,917 shares of the company's stock after selling 24,018 shares during the quarter. Geode Capital Management LLC owned about 2.45% of Molina Healthcare worth $481,417,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Innealta Capital LLC bought a new position in Molina Healthcare in the 2nd quarter valued at $36,000. True Wealth Design LLC increased its position in Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock worth $36,000 after purchasing an additional 100 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Molina Healthcare in the second quarter worth about $40,000. AM Squared Ltd bought a new stake in Molina Healthcare during the 2nd quarter worth about $59,000. Finally, Capital Performance Advisors LLP acquired a new position in Molina Healthcare during the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 98.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MOH. Robert W. Baird dropped their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Cantor Fitzgerald reissued an "overweight" rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. 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. Finally, Wells Fargo & Company boosted their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $367.17.

Molina Healthcare Stock Up 2.0 %

MOH traded up $5.83 during trading on Friday, reaching $303.01. The company had a trading volume of 520,323 shares, compared to its average volume of 550,756. The business's fifty day moving average price is $309.90 and its 200 day moving average price is $319.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The company has a market cap of $17.33 billion, a P/E ratio of 15.39, a PEG ratio of 1.03 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company had revenue of $10.34 billion during the quarter, compared to analysts' expectations of $9.92 billion. During the same period in the prior year, the firm earned $5.05 earnings per share. Molina Healthcare's revenue for the quarter was up 21.0% compared to the same quarter last year. Equities analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS 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.