Crossmark Global Holdings Inc. Purchases 1,467 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Crossmark Global Holdings Inc. lifted its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 32.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,967 shares of the company’s stock after buying an additional 1,467 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Molina Healthcare were worth $1,737,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its position in Molina Healthcare by 13.5% in 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 period. CWM LLC grew 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 purchasing an additional 1,730 shares during the period. Everence Capital Management Inc. bought a new stake in Molina Healthcare in the 4th quarter worth approximately $544,000. Oddo BHF Asset Management Sas bought a new stake in Molina Healthcare in the 3rd quarter worth approximately $2,947,000. Finally, Tri Ri Asset Management Corp bought a new stake in Molina Healthcare in the 3rd quarter worth approximately $3,722,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 1.1 %

MOH opened at $305.88 on Friday. 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, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The firm’s fifty day moving average is $295.43 and its 200 day moving average is $316.99. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 0.92 and a beta of 0.54.

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

Analyst Upgrades and Downgrades

MOH has been the subject of a number of research analyst reports. Barclays lifted their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $359.18.

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.