Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 446,691 shares of the company's stock after selling 33,781 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.78% of Molina Healthcare worth $153,912,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MOH. Townsquare Capital LLC bought a new stake in shares of Molina Healthcare in the third quarter worth $228,000. BNP Paribas Financial Markets raised 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 buying an additional 4,783 shares during the period. Brooklyn Investment Group acquired a new stake in Molina Healthcare during the 3rd quarter worth about $115,000. Dai ichi Life Insurance Company Ltd increased its holdings in shares of 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 during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Molina Healthcare by 0.5% in the third quarter. The Manufacturers Life Insurance Company now owns 72,920 shares of the company's stock worth $25,125,000 after buying an additional 386 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Trading Up 0.4 %

Shares of NYSE MOH traded up $1.30 during trading hours on Friday, reaching $297.90. The stock had a trading volume of 267,142 shares, compared to its average volume of 714,674. The business's fifty day moving average price is $317.40 and its two-hundred day moving average price is $322.00. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The firm has a market cap of $17.04 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.03 and a beta of 0.59. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping 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 company had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same period last year, the firm earned $5.05 EPS. The firm's revenue for the quarter was up 21.0% compared to the same quarter last year. Analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MOH. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Cantor Fitzgerald restated an "overweight" rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Robert W. Baird cut their target price on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company upped their price objective on 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 upped their price objective on Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $367.17.

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.