BDF Gestion Lowers Holdings in Molina Healthcare, Inc. (NYSE:MOH)

BDF Gestion lowered its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,736 shares of the company’s stock after selling 616 shares during the period. BDF Gestion’s holdings in Molina Healthcare were worth $1,378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. True Wealth Design LLC increased its stake in Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc increased its stake in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after buying an additional 74 shares during the period. Capital Performance Advisors LLP bought a new stake in Molina Healthcare during the 3rd quarter valued at about $62,000. UMB Bank n.a. boosted its position in Molina Healthcare by 96.2% in the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after buying an additional 101 shares during the period. Finally, AM Squared Ltd grew its stake in Molina Healthcare by 50.0% in the 3rd quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MOH. Robert W. Baird decreased 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. 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. Wells Fargo & Company raised their price target on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Molina Healthcare has an average rating of “Hold” and a consensus price target of $359.18.

Molina Healthcare Price Performance

NYSE MOH opened at $313.26 on Friday. The firm’s fifty day simple moving average is $297.05 and its two-hundred day simple moving average is $317.54. The firm has a market capitalization of $17.92 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.94 and a beta of 0.54. 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 12-month low of $272.69 and a 12-month high of $423.92.

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.