Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by ING Groep NV

ING Groep NV reduced its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,306 shares of the company’s stock after selling 531 shares during the period. ING Groep NV’s holdings in Molina Healthcare were worth $2,126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MOH. Creative Planning boosted its position in Molina Healthcare by 2.7% during the third quarter. Creative Planning now owns 8,454 shares of the company’s stock worth $2,913,000 after acquiring an additional 226 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Molina Healthcare by 84.9% during the third quarter. Blue Trust Inc. now owns 479 shares of the company’s stock worth $165,000 after purchasing an additional 220 shares during the last quarter. Raymond James & Associates grew its position in shares of Molina Healthcare by 59.9% in the third quarter. Raymond James & Associates now owns 42,298 shares of the company’s stock valued at $14,574,000 after purchasing an additional 15,840 shares during the period. Sequoia Financial Advisors LLC increased its stake in Molina Healthcare by 11.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,195 shares of the company’s stock valued at $412,000 after purchasing an additional 124 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in Molina Healthcare during the third quarter worth about $215,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MOH has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company lifted their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. Finally, UBS Group dropped their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $353.17.

Molina Healthcare Trading Down 2.6 %

NYSE MOH opened at $283.89 on Friday. The company’s fifty day simple moving average is $293.21 and its 200-day simple moving average is $314.24. The stock has a market cap of $15.76 billion, a P/E ratio of 13.90, a PEG ratio of 1.06 and a beta of 0.54. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Equities research analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

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.