Allspring Global Investments Holdings LLC Has $3.65 Million Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Allspring Global Investments Holdings LLC cut its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 50.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,591 shares of the company's stock after selling 12,989 shares during the period. Allspring Global Investments Holdings LLC's holdings in Molina Healthcare were worth $3,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp grew its position in shares of Molina Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company's stock worth $900,787,000 after buying an additional 13,001 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Molina Healthcare by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company's stock worth $134,405,000 after acquiring an additional 10,030 shares during the last quarter. Swiss National Bank grew its holdings in Molina Healthcare by 0.3% during the third quarter. Swiss National Bank now owns 173,900 shares of the company's stock valued at $59,919,000 after purchasing an additional 500 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Molina Healthcare by 2.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,573 shares of the company's stock valued at $43,533,000 after purchasing an additional 3,238 shares in the last quarter. Finally, KBC Group NV raised its holdings in Molina Healthcare by 14.6% in the fourth quarter. KBC Group NV now owns 125,486 shares of the company's stock worth $36,522,000 after purchasing an additional 15,993 shares during the period. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Down 2.6 %

Molina Healthcare stock traded down $7.57 during mid-day trading on Friday, reaching $283.89. The company's stock had a trading volume of 1,063,437 shares, compared to its average volume of 698,492. The business's 50 day simple moving average is $293.21 and its 200 day simple moving average is $314.41. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $423.92. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 24.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MOH shares. Cantor Fitzgerald restated an "overweight" rating and issued a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. StockNews.com cut Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 8th. UBS Group lowered their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research note on Friday, February 7th. Wells Fargo & Company lifted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Finally, Robert W. Baird lowered their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $353.17.

Molina Healthcare 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.