Jennison Associates LLC Has $21.85 Million Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Jennison Associates LLC decreased its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 75.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,402 shares of the company's stock after selling 191,261 shares during the quarter. Jennison Associates LLC owned approximately 0.11% of Molina Healthcare worth $21,846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Custom Index Systems LLC increased its holdings in shares of Molina Healthcare by 5.0% in the second quarter. Custom Index Systems LLC now owns 690 shares of the company's stock valued at $205,000 after purchasing an additional 33 shares in the last quarter. WCM Investment Management LLC increased its stake in shares of Molina Healthcare by 3.4% in the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company's stock valued at $369,000 after buying an additional 36 shares during the period. Metis Global Partners LLC raised its position in shares of Molina Healthcare by 1.4% during the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company's stock worth $960,000 after acquiring an additional 39 shares during the last quarter. AlphaMark Advisors LLC raised its position in shares of Molina Healthcare by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company's stock worth $1,053,000 after acquiring an additional 40 shares during the last quarter. Finally, Caprock Group LLC lifted its stake in shares of Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company's stock valued at $503,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 98.50% of the company's stock.

Wall Street Analysts Forecast Growth

MOH has been the subject of several recent research reports. Robert W. Baird dropped their price objective on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Barclays lifted their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Finally, Wells Fargo & Company increased 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Molina Healthcare presently has an average rating of "Moderate Buy" and a consensus target price of $367.17.

Molina Healthcare Trading Down 1.8 %

Shares of Molina Healthcare stock traded down $5.28 during trading hours on Friday, hitting $290.79. The company's stock had a trading volume of 708,298 shares, compared to its average volume of 786,554. The company has a market capitalization of $16.63 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.02 and a beta of 0.59. 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 stock has a 50 day moving average of $323.09 and a 200 day moving average of $324.03. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) 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 business 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 business earned $5.05 EPS. Molina Healthcare's revenue for the quarter was up 21.0% compared to the same quarter last year. Analysts predict that Molina Healthcare, Inc. will post 23.44 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.