KBC Group NV lessened its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 38.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,493 shares of the company's stock after selling 67,685 shares during the quarter. KBC Group NV owned about 0.19% of Molina Healthcare worth $37,727,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. CWM LLC grew its stake in shares of Molina Healthcare by 76.2% during the 3rd quarter. CWM LLC now owns 4,001 shares of the company's stock worth $1,379,000 after purchasing an additional 1,730 shares during the period. Cetera Investment Advisers boosted its holdings in Molina Healthcare by 516.4% in the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company's stock worth $4,206,000 after purchasing an additional 8,577 shares during the period. ProShare Advisors LLC lifted its stake in Molina Healthcare by 28.4% in the first quarter. ProShare Advisors LLC now owns 10,352 shares of the company's stock valued at $4,253,000 after buying an additional 2,288 shares during the last quarter. Sei Investments Co. lifted its stake in Molina Healthcare by 5.5% in the first quarter. Sei Investments Co. now owns 41,038 shares of the company's stock valued at $16,859,000 after buying an additional 2,157 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Molina Healthcare during the first quarter valued at about $69,320,000. Hedge funds and other institutional investors own 98.50% of the company's stock.
Molina Healthcare Price Performance
MOH stock traded down $11.66 during mid-day trading on Friday, hitting $294.34. 694,809 shares of the stock were exchanged, compared to its average volume of 539,717. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.06 and a beta of 0.59. The business has a fifty day moving average price of $328.20 and a 200 day moving average price of $325.75. 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.
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, beating 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 business had revenue of $10.34 billion for the quarter, compared to analysts' expectations of $9.92 billion. During the same period in the previous year, the firm posted $5.05 EPS. The business's revenue was up 21.0% on a year-over-year basis. On average, sell-side analysts anticipate that Molina Healthcare, Inc. will post 23.45 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have commented on MOH. Jefferies Financial Group dropped their price target on shares of Molina Healthcare from $354.00 to $297.00 and set a "hold" rating on the stock in a research report on Wednesday, July 24th. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Robert W. Baird reduced their price target on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Barclays upped their price target on Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Finally, TD Cowen cut their price target on Molina Healthcare from $412.00 to $351.00 and set a "buy" rating for the company in a report on Wednesday, July 24th. One 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $367.17.
View Our Latest Stock Analysis on Molina Healthcare
Molina Healthcare Profile
(
Free Report)
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.
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