Thrivent Financial for Lutherans Reduces Stake in Molina Healthcare, Inc. (NYSE:MOH)

Thrivent Financial for Lutherans trimmed its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,734 shares of the company's stock after selling 10,961 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.40% of Molina Healthcare worth $78,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOH. Custom Index Systems LLC increased its stake in shares of Molina Healthcare by 5.0% during the second quarter. Custom Index Systems LLC now owns 690 shares of the company's stock valued at $205,000 after buying an additional 33 shares during the period. WCM Investment Management LLC boosted its holdings in Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company's stock worth $369,000 after acquiring an additional 36 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Molina Healthcare by 1.4% during the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company's stock worth $960,000 after purchasing an additional 39 shares during the period. AlphaMark Advisors LLC lifted its holdings in shares of Molina Healthcare by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company's stock worth $1,053,000 after purchasing an additional 40 shares during the period. Finally, Oliver Luxxe Assets LLC lifted its holdings in shares of Molina Healthcare by 1.3% during the third quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company's stock worth $1,526,000 after purchasing an additional 55 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Trading Down 0.7 %

Shares of Molina Healthcare stock traded down $2.15 during trading hours on Monday, hitting $292.19. The company's stock had a trading volume of 926,294 shares, compared to its average volume of 541,462. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The firm has a fifty day moving average of $328.20 and a 200-day moving average of $325.54. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 1.01 and a beta of 0.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) 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 firm had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same quarter in the prior year, the company earned $5.05 EPS. Molina Healthcare's revenue was up 21.0% on a year-over-year basis. Research analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MOH shares. Deutsche Bank Aktiengesellschaft decreased their target price on Molina Healthcare from $354.00 to $353.00 and set a "hold" rating for the company in a report on Monday, July 29th. Jefferies Financial Group reduced their price target on Molina Healthcare from $354.00 to $297.00 and set a "hold" rating for the company in a research report on Wednesday, July 24th. Stephens reiterated an "equal weight" rating and set a $320.00 price target on shares of Molina Healthcare in a research report on Thursday, July 25th. Barclays boosted their price objective on Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Finally, TD Cowen cut their price objective on Molina Healthcare from $412.00 to $351.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Molina Healthcare currently has a consensus rating of "Moderate Buy" and a consensus price target 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.