Freedom Investment Management Inc. Sells 203 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Freedom Investment Management Inc. cut its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,593 shares of the company’s stock after selling 203 shares during the quarter. Freedom Investment Management Inc.’s holdings in Molina Healthcare were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MOH. Innealta Capital LLC purchased a new stake in Molina Healthcare in the 2nd quarter worth approximately $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in Molina Healthcare during the 2nd quarter valued at $40,000. AM Squared Ltd purchased a new stake in shares of Molina Healthcare during the second quarter valued at $59,000. Capital Performance Advisors LLP purchased a new stake in shares of Molina Healthcare during the 3rd quarter valued at about $62,000. Finally, UMB Bank n.a. grew 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 worth $71,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MOH. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Robert W. Baird lowered their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company upped their target price 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. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $367.17.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock opened at $296.60 on Friday. The company has a market capitalization of $16.97 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92. The stock’s fifty day moving average is $319.53 and its two-hundred day moving average is $322.75. 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 issued its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating 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 business had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same period in the previous year, the company posted $5.05 EPS. Molina Healthcare’s revenue was up 21.0% on a year-over-year basis. As a group, analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

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.