Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P reduced its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 47.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,253 shares of the company's stock after selling 29,820 shares during the quarter. Martingale Asset Management L P owned approximately 0.06% of Molina Healthcare worth $11,458,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MOH. Public Sector Pension Investment Board increased its position in shares of Molina Healthcare by 13.5% during the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company's stock worth $871,000 after acquiring an additional 300 shares during the period. Townsquare Capital LLC acquired a new position in Molina Healthcare during the 3rd quarter worth $228,000. BNP Paribas Financial Markets increased its holdings in Molina Healthcare by 6.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 74,310 shares of the company's stock worth $25,604,000 after purchasing an additional 4,783 shares during the period. Brooklyn Investment Group purchased a new stake in Molina Healthcare during the 3rd quarter worth about $115,000. Finally, Dai ichi Life Insurance Company Ltd raised its position in Molina Healthcare by 37.3% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 5,521 shares of the company's stock valued at $1,902,000 after purchasing an additional 1,500 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MOH shares. Robert W. Baird cut their target price 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. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. Wells Fargo & Company boosted their target price 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. Finally, Barclays raised 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. One analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $367.17.

Molina Healthcare Stock Performance

NYSE MOH traded up $1.30 on Friday, reaching $297.90. The stock had a trading volume of 267,142 shares, compared to its average volume of 545,797. The stock has a market cap of $17.04 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 1.02 and a beta of 0.59. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92. The business's 50-day moving average price is $317.40 and its 200 day moving average price is $322.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating analysts' consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion for the quarter, compared to analysts' expectations of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company's quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the company posted $5.05 EPS. As a group, equities analysts expect 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.