Molina Healthcare, Inc. (NYSE:MOH) Stock Holdings Trimmed by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 25.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,718 shares of the company’s stock after selling 905 shares during the quarter. Sanctuary Advisors LLC’s holdings in Molina Healthcare were worth $937,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Public Sector Pension Investment Board raised its holdings in Molina Healthcare by 13.5% during the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after purchasing an additional 300 shares in the last quarter. CWM LLC raised its stake in shares of Molina Healthcare by 76.2% in the 3rd quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after buying an additional 1,730 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Molina Healthcare by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company’s stock valued at $50,421,000 after buying an additional 1,778 shares during the period. Zacks Investment Management grew its holdings in Molina Healthcare by 13.5% during the third quarter. Zacks Investment Management now owns 58,785 shares of the company’s stock worth $20,255,000 after acquiring an additional 6,984 shares during the period. Finally, Royal London Asset Management Ltd. raised its position in Molina Healthcare by 16.1% in the third quarter. Royal London Asset Management Ltd. now owns 50,260 shares of the company’s stock worth $17,318,000 after acquiring an additional 6,978 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Trading Up 0.4 %

Shares of NYSE MOH opened at $294.73 on Monday. 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, Inc. has a one year low of $272.69 and a one year high of $423.92. The business has a 50-day moving average price of $306.63 and a two-hundred day moving average price of $318.89. The firm has a market capitalization of $16.86 billion, a PE ratio of 14.97, a PEG ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping the consensus estimate of $5.96 by $0.05. The business had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the company posted $5.05 earnings per share. As a group, analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird decreased their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report 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 report on Friday, October 25th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $361.91.

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.