Molina Healthcare, Inc. (NYSE:MOH) Holdings Decreased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 15.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 246,664 shares of the company's stock after selling 46,488 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.43% of Molina Healthcare worth $84,991,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. CWM LLC boosted 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 acquiring an additional 1,730 shares during the period. Cetera Investment Advisers increased its stake in shares of Molina Healthcare by 516.4% in the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company's stock valued at $4,206,000 after buying an additional 8,577 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Molina Healthcare by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company's stock valued at $50,421,000 after purchasing an additional 1,778 shares in the last quarter. BDF Gestion bought a new position in Molina Healthcare in the second quarter worth approximately $1,591,000. Finally, Victory Capital Management Inc. boosted its holdings in Molina Healthcare by 38.5% in the second quarter. Victory Capital Management Inc. now owns 89,083 shares of the company's stock worth $26,484,000 after acquiring an additional 24,778 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Analyst Ratings Changes

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

Molina Healthcare Stock Up 0.4 %

Shares of MOH stock traded up $1.30 during trading hours on Friday, reaching $297.90. 267,142 shares of the stock were exchanged, compared to its average volume of 714,674. The firm has a market capitalization of $17.04 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.03 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 company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The business's fifty day moving average is $317.40 and its two-hundred day moving average is $322.00.

Molina Healthcare (NYSE:MOH - Get Free Report) last released 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 company had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. Molina Healthcare's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the company earned $5.05 earnings per share. As a group, research analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

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.