Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 42.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,910 shares of the company's stock after selling 28,439 shares during the period. Glenmede Trust Co. NA owned 0.07% of Molina Healthcare worth $13,407,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MOH. Tidal Investments LLC grew its stake in shares of Molina Healthcare by 23.9% in the 1st quarter. Tidal Investments LLC now owns 4,324 shares of the company's stock valued at $1,778,000 after purchasing an additional 833 shares during the last quarter. Hancock Whitney Corp purchased a new position in shares of Molina Healthcare in the 1st quarter valued at approximately $238,000. Comerica Bank grew its stake in shares of Molina Healthcare by 2.5% in the 1st quarter. Comerica Bank now owns 14,037 shares of the company's stock valued at $5,767,000 after purchasing an additional 341 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Molina Healthcare by 516.4% in the 1st quarter. Cetera Investment Advisers now owns 10,238 shares of the company's stock valued at $4,206,000 after purchasing an additional 8,577 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new position in shares of Molina Healthcare in the 1st quarter valued at approximately $339,000. Institutional investors and hedge funds own 98.50% of the company's stock.

Wall Street Analysts Forecast Growth

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

Molina Healthcare Price Performance

MOH traded up $1.59 during trading on Friday, reaching $298.19. 267,142 shares of the stock were exchanged, compared to its average volume of 545,797. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. The company has a market capitalization of $17.06 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 1.02 and a beta of 0.59. The business's 50 day moving average price is $318.47 and its two-hundred day moving average price is $322.57. 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 (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping analysts' consensus estimates 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 previous year, the firm posted $5.05 earnings per share. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current 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.