Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 69.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,168 shares of the company's stock after selling 7,344 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Molina Healthcare were worth $1,092,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MOH. Innealta Capital LLC acquired a new position in shares of Molina Healthcare during the 2nd quarter worth about $36,000. True Wealth Design LLC raised its holdings in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Molina Healthcare in the second quarter valued at approximately $40,000. AM Squared Ltd acquired a new stake in shares of Molina Healthcare in the second quarter worth approximately $59,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Molina Healthcare during the third quarter worth approximately $62,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Trading Down 1.0 %

Molina Healthcare stock traded down $3.13 during trading on Thursday, hitting $297.18. The company had a trading volume of 748,259 shares, compared to its average volume of 550,882. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.02 and a beta of 0.54. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The company's 50 day simple moving average is $311.14 and its 200-day simple moving average is $319.76.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $9.92 billion. During the same period in the previous year, the firm posted $5.05 earnings per share. The company's revenue was up 21.0% on a year-over-year basis. As a group, analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Analysts Set New Price Targets

MOH has been the topic of a number of research reports. 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. Barclays increased their price target on Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Cantor Fitzgerald restated 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 lifted 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, StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Molina Healthcare presently has an average rating of "Moderate Buy" and a consensus target price of $367.17.

Molina Healthcare Company 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.