Zurcher Kantonalbank Zurich Cantonalbank Decreases Stake in Molina Healthcare, Inc. (NYSE:MOH)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,728 shares of the company's stock after selling 1,850 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Molina Healthcare were worth $6,797,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Jupiter Asset Management Ltd. grew its holdings in Molina Healthcare by 434.6% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company's stock valued at $55,181,000 after buying an additional 150,890 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Molina Healthcare by 36.2% in the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company's stock valued at $137,810,000 after buying an additional 123,121 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Molina Healthcare by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company's stock worth $282,343,000 after buying an additional 111,154 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Molina Healthcare by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company's stock valued at $140,026,000 after acquiring an additional 84,929 shares during the last quarter. Finally, Candriam S.C.A. grew its position in Molina Healthcare by 1,565.1% in the second quarter. Candriam S.C.A. now owns 71,285 shares of the company's stock worth $21,192,000 after acquiring an additional 67,004 shares during the period. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Performance

Shares of NYSE MOH traded up $3.97 during midday trading on Monday, reaching $301.87. 518,554 shares of the company were exchanged, compared to its average volume of 545,770. The stock has a market cap of $17.27 billion, a P/E ratio of 15.19, a PEG ratio of 1.03 and a beta of 0.59. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. The stock has a fifty day simple moving average of $317.40 and a 200 day simple moving average of $321.83. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH - Get Free Report) last released 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. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same quarter in the previous year, the company posted $5.05 earnings per share. The company's revenue for the quarter was up 21.0% compared to the same quarter last year. On average, research analysts forecast that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MOH. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Robert W. Baird dropped their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Barclays increased their price objective on Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.