State of Alaska Department of Revenue Sells 5,540 Shares of Molina Healthcare, Inc. (NYSE:MOH)

State of Alaska Department of Revenue trimmed its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 25.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,371 shares of the company's stock after selling 5,540 shares during the period. State of Alaska Department of Revenue's holdings in Molina Healthcare were worth $5,639,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Innealta Capital LLC bought a new position in shares of Molina Healthcare during the second quarter worth about $36,000. Ashton Thomas Private Wealth LLC acquired a new position in Molina Healthcare in the second quarter valued at approximately $40,000. AM Squared Ltd bought a new position in shares of Molina Healthcare during the 2nd quarter worth approximately $59,000. UMB Bank n.a. grew its position in shares of Molina Healthcare by 96.2% during the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after buying an additional 101 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Molina Healthcare in the 1st quarter valued at $151,000. 98.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MOH. Jefferies Financial Group cut their target price on shares of Molina Healthcare from $354.00 to $297.00 and set a "hold" rating on the stock in a research note on Wednesday, July 24th. Cantor Fitzgerald restated an "overweight" rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. Wells Fargo & Company upped their price target on Molina Healthcare from $315.00 to $360.00 and gave the stock an "equal weight" rating in a research note on Monday, August 5th. TD Cowen reduced their price objective on Molina Healthcare from $412.00 to $351.00 and set a "buy" rating for the company in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Molina Healthcare from $354.00 to $353.00 and set a "hold" rating on the stock in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $367.00.

Molina Healthcare Stock Up 2.5 %

MOH traded up $7.93 during mid-day trading on Tuesday, reaching $323.13. 867,352 shares of the stock were exchanged, compared to its average volume of 528,861. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $18.94 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 0.99 and a beta of 0.58. The company has a 50 day moving average price of $334.61 and a two-hundred day moving average price of $328.96.

Molina Healthcare (NYSE:MOH - Get Free Report) last released 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 net margin of 2.84% and a return on equity of 28.09%. The business had revenue of $10.34 billion for the quarter, compared to analysts' expectations of $9.92 billion. During the same period in the previous year, the company earned $5.05 earnings per share. The firm's revenue for the quarter was up 21.0% compared to the same quarter last year. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 23.5 EPS for the current year.

Insiders Place Their Bets

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the sale, the chief accounting officer now directly owns 9,473 shares of the company's stock, valued at $3,282,583.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.10% of the company's stock.

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.