Pitcairn Co. Sells 66 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Pitcairn Co. lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 3.5% during the third quarter, Holdings Channel.com reports. The firm owned 1,803 shares of the company’s stock after selling 66 shares during the quarter. Pitcairn Co.’s holdings in Molina Healthcare were worth $621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new stake in shares of Molina Healthcare during the second quarter valued at about $36,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Molina Healthcare during the 2nd quarter worth approximately $40,000. Capital Performance Advisors LLP bought a new position in shares of Molina Healthcare during the 3rd quarter worth approximately $62,000. AM Squared Ltd purchased a new stake in Molina Healthcare during the second quarter valued at approximately $59,000. 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 valued at $71,000 after acquiring an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 2.5 %

NYSE:MOH opened at $298.10 on Tuesday. 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’s fifty day moving average price is $323.09 and its 200-day moving average price is $323.71. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The firm has a market capitalization of $17.05 billion, a P/E ratio of 15.14, a PEG ratio of 1.00 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. The company had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the company earned $5.05 earnings per share. As a group, equities research analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on MOH shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a report on Monday, July 29th. Wells Fargo & Company raised their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Robert W. Baird dropped their price target 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. Barclays increased their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare has an average rating of “Moderate Buy” and an average price target 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.