Overbrook Management Corp Cuts Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Overbrook Management Corp decreased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,154 shares of the company’s stock after selling 630 shares during the quarter. Molina Healthcare accounts for approximately 2.3% of Overbrook Management Corp’s portfolio, making the stock its 18th largest position. Overbrook Management Corp owned about 0.05% of Molina Healthcare worth $10,045,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Innealta Capital LLC purchased a new stake in Molina Healthcare in the second quarter worth approximately $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in Molina Healthcare in the second quarter worth approximately $40,000. AM Squared Ltd purchased a new stake in Molina Healthcare in the second quarter worth approximately $59,000. Capital Performance Advisors LLP purchased a new stake in Molina Healthcare in the third quarter worth approximately $62,000. Finally, UMB Bank n.a. boosted its stake in Molina Healthcare by 96.2% in the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Up 4.3 %

NYSE MOH opened at $294.64 on Thursday. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The stock has a market cap of $16.85 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.97 and a beta of 0.59. The stock’s fifty day moving average price is $325.57 and its 200-day moving average price is $324.59. 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) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping 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 firm had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $9.92 billion. During the same period in the prior year, the firm posted $5.05 earnings per share. The company’s quarterly revenue was up 21.0% on a year-over-year basis. As a group, equities analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on MOH. Deutsche Bank Aktiengesellschaft lowered their price objective on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research report on Monday, July 29th. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. TD Cowen lowered 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. Robert W. Baird lowered their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Stephens reiterated an “equal weight” rating and issued a $320.00 price objective on shares of Molina Healthcare in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $367.17.

About Molina Healthcare

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.