BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 1,444 Shares of Molina Healthcare, Inc. (NYSE:MOH)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 12.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,775 shares of the company’s stock after selling 1,444 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Molina Healthcare were worth $3,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Custom Index Systems LLC increased its stake in shares of Molina Healthcare by 5.0% in the second quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock valued at $205,000 after buying an additional 33 shares during the period. WCM Investment Management LLC lifted its position in shares of Molina Healthcare by 3.4% in the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock worth $369,000 after purchasing an additional 36 shares during the period. Metis Global Partners LLC boosted its stake in shares of Molina Healthcare by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after purchasing an additional 39 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Molina Healthcare by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company’s stock valued at $1,053,000 after purchasing an additional 40 shares during the last quarter. Finally, Caprock Group LLC increased its position in shares of Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after buying an additional 47 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $311.77 on Wednesday. The business has a 50-day simple moving average of $315.79 and a 200 day simple moving average of $321.27. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92. The stock has a market cap of $17.83 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.04 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.05. The company had revenue of $10.34 billion for 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%. Molina Healthcare’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned $5.05 earnings per share. On average, research analysts forecast that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Robert W. Baird dropped their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research note 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. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. Barclays lifted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company increased their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.