State Street Corp Has $900.79 Million Stake in Molina Healthcare, Inc. (NYSE:MOH)

State Street Corp lifted its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,614,311 shares of the company's stock after buying an additional 13,001 shares during the quarter. State Street Corp owned about 4.57% of Molina Healthcare worth $900,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Innealta Capital LLC bought a new stake in Molina Healthcare during the second quarter valued at about $36,000. True Wealth Design LLC boosted its stake in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after purchasing an additional 100 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Molina Healthcare in the 2nd quarter worth approximately $40,000. AM Squared Ltd acquired a new position in shares of Molina Healthcare during the second quarter worth approximately $59,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Molina Healthcare in the third quarter valued at approximately $62,000. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Trading Down 1.8 %

Shares of Molina Healthcare stock traded down $5.43 during trading hours on Friday, hitting $294.99. The company's stock had a trading volume of 651,537 shares, compared to its average volume of 682,240. 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 company has a market capitalization of $16.87 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.07 and a beta of 0.54. The stock has a 50 day moving average of $313.41 and a 200 day moving average of $320.56. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. Molina Healthcare's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter last year, the firm earned $5.05 EPS. Analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company boosted 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 report on Monday, November 4th. Barclays lifted their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Robert W. Baird cut their price target on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently 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.