Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 87.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,927 shares of the company's stock after selling 42,999 shares during the quarter. Quantbot Technologies LP's holdings in Molina Healthcare were worth $2,042,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Dai ichi Life Insurance Company Ltd increased its stake in shares of Molina Healthcare by 37.3% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 5,521 shares of the company's stock worth $1,902,000 after acquiring an additional 1,500 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Molina Healthcare by 0.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 72,920 shares of the company's stock valued at $25,125,000 after purchasing an additional 386 shares in the last quarter. Bank of Montreal Can boosted its holdings in Molina Healthcare by 6.3% in the 3rd quarter. Bank of Montreal Can now owns 62,718 shares of the company's stock valued at $21,441,000 after purchasing an additional 3,742 shares in the last quarter. Trust Asset Management LLC purchased a new position in shares of Molina Healthcare during the 3rd quarter worth approximately $231,000. Finally, Bank of Hawaii lifted its holdings in shares of Molina Healthcare by 4.6% in the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company's stock valued at $422,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 98.50% of the company's stock.

Analyst Upgrades and Downgrades

MOH has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare 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. Wells Fargo & Company raised their price objective 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. Barclays upped their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Finally, Robert W. Baird reduced their price target 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 research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $367.17.

Molina Healthcare Trading Up 0.4 %

MOH traded up $1.30 during trading on Friday, hitting $297.90. The company's stock had a trading volume of 267,142 shares, compared to its average volume of 545,797. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The stock has a market cap of $17.04 billion, a PE ratio of 15.06, a PEG ratio of 1.02 and a beta of 0.59. The firm's 50 day moving average price is $318.47 and its 200-day moving average price is $322.57. 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 (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS 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 firm had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same period in the prior year, the firm posted $5.05 earnings per share. The business's quarterly revenue was up 21.0% compared to the same quarter last year. On average, 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.