MetLife Investment Management LLC Sells 422 Shares of Molina Healthcare, Inc. (NYSE:MOH)

MetLife Investment Management LLC lessened its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,898 shares of the company’s stock after selling 422 shares during the quarter. MetLife Investment Management LLC’s holdings in Molina Healthcare were worth $5,822,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Custom Index Systems LLC boosted its stake in shares of Molina Healthcare by 5.0% in the 2nd quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock valued at $205,000 after purchasing an additional 33 shares during the last quarter. WCM Investment Management LLC grew its holdings in Molina Healthcare by 3.4% during the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock worth $369,000 after acquiring an additional 36 shares during the period. Metis Global Partners LLC raised its position in shares of Molina Healthcare by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after acquiring an additional 39 shares during the last quarter. AlphaMark Advisors LLC lifted 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 period. Finally, Caprock Group LLC boosted its position in shares of Molina Healthcare by 3.3% in the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 0.4 %

NYSE:MOH opened at $297.90 on Friday. The stock has a 50-day simple moving average of $317.40 and a 200 day simple moving average of $322.00. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The company has a market cap of $17.04 billion, a PE ratio of 15.13, a PEG ratio of 1.02 and a beta of 0.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results 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. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same period last year, the business earned $5.05 EPS. The business’s quarterly revenue was up 21.0% on a year-over-year basis. On average, sell-side analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MOH. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company increased their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird lowered their target price 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 reissued an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. Finally, Barclays upped 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. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Molina Healthcare currently has an average rating of “Moderate Buy” and a consensus 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.