Zacks Investment Management Has $20.26 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Zacks Investment Management boosted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 13.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,785 shares of the company's stock after buying an additional 6,984 shares during the quarter. Zacks Investment Management owned about 0.10% of Molina Healthcare worth $20,255,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Custom Index Systems LLC raised its holdings in Molina Healthcare by 5.0% in the 2nd quarter. Custom Index Systems LLC now owns 690 shares of the company's stock worth $205,000 after acquiring an additional 33 shares during the period. WCM Investment Management LLC grew its position in shares of Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company's stock valued at $369,000 after purchasing an additional 36 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Molina Healthcare by 1.4% in 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 position in shares of Molina Healthcare by 1.1% during the 2nd 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 last quarter. Finally, Caprock Group LLC boosted its stake in Molina Healthcare by 3.3% during the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company's stock valued at $503,000 after purchasing an additional 47 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Price Performance

Shares of NYSE MOH traded down $5.43 during mid-day trading on Friday, hitting $294.99. 651,537 shares of the stock were exchanged, compared to its average volume of 682,240. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The stock's fifty day simple moving average is $313.41 and its two-hundred day simple moving average is $320.56. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The company has a market cap of $16.87 billion, a P/E ratio of 14.98, a PEG ratio of 1.07 and a beta of 0.54.

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, beating analysts' consensus estimates of $5.96 by $0.05. The firm had revenue of $10.34 billion during the quarter, compared to analysts' expectations of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business's revenue was up 21.0% on a year-over-year basis. During the same period last year, the firm posted $5.05 EPS. As a group, analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MOH. 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 upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Barclays raised their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company 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.