Fmr LLC Has $473.37 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Fmr LLC lowered its stake in Molina Healthcare, Inc. (NYSE:MOH) by 19.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,373,837 shares of the company’s stock after selling 331,912 shares during the period. Fmr LLC owned approximately 2.40% of Molina Healthcare worth $473,369,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. CWM LLC grew its position in shares of Molina Healthcare by 76.2% in the third quarter. CWM LLC now owns 4,001 shares of the company’s stock valued at $1,379,000 after purchasing an additional 1,730 shares during the last quarter. Cetera Investment Advisers increased its position in Molina Healthcare by 516.4% during the 1st quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock worth $4,206,000 after buying an additional 8,577 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Molina Healthcare by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company’s stock worth $50,421,000 after buying an additional 1,778 shares in the last quarter. BDF Gestion bought a new stake in shares of Molina Healthcare in the second quarter valued at about $1,591,000. Finally, Victory Capital Management Inc. grew its stake in shares of Molina Healthcare by 38.5% in the second quarter. Victory Capital Management Inc. now owns 89,083 shares of the company’s stock valued at $26,484,000 after acquiring an additional 24,778 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $298.19 on Friday. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. 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 cap of $17.06 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 1.02 and a beta of 0.59. The firm has a 50 day simple moving average of $317.40 and a 200 day simple moving average of $322.19.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. The company 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%. Molina Healthcare’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company earned $5.05 EPS. Research analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on MOH. Barclays lifted their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird dropped their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Finally, StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. One investment 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. Based on data from MarketBeat.com, the stock presently has an average 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.