Argent Capital Management LLC Has $2.88 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Argent Capital Management LLC boosted its position in Molina Healthcare, Inc. (NYSE:MOH) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,896 shares of the company’s stock after acquiring an additional 893 shares during the quarter. Argent Capital Management LLC’s holdings in Molina Healthcare were worth $2,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its position in shares of Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after purchasing an additional 300 shares during the last quarter. CWM LLC increased its position in Molina Healthcare by 76.2% in the 3rd quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after buying an additional 1,730 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Molina Healthcare during the fourth quarter worth approximately $544,000. Oddo BHF Asset Management Sas bought a new stake in shares of Molina Healthcare in the third quarter valued at approximately $2,947,000. Finally, Tri Ri Asset Management Corp bought a new stake in shares of Molina Healthcare in the third quarter valued at approximately $3,722,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Down 2.4 %

Shares of NYSE:MOH opened at $286.97 on Thursday. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92. The company has a market capitalization of $16.41 billion, a PE ratio of 14.57, a PEG ratio of 0.89 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The company has a 50 day moving average price of $298.81 and a two-hundred day moving average price of $317.09.

Molina Healthcare (NYSE:MOH) last posted its 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 return on equity of 27.88% and a net margin of 2.92%. The firm had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same period in the previous year, the company posted $5.05 earnings per share. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. Analysts forecast that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. Robert W. Baird reduced 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. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Wells Fargo & Company boosted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Barclays raised their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $359.18.

Molina Healthcare 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.