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

Freedom Investment Management Inc. lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 7.3% in the 3rd quarter, HoldingsChannel.com reports. The firm 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 SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Innealta Capital LLC purchased a new position in shares of Molina Healthcare in the 2nd quarter valued at approximately $36,000. Ashton Thomas Private Wealth LLC acquired a new position in Molina Healthcare during the 2nd quarter valued at approximately $40,000. AM Squared Ltd purchased a new position in shares of Molina Healthcare in the second quarter worth $59,000. Capital Performance Advisors LLP purchased a new position in shares of Molina Healthcare in the third quarter worth $62,000. Finally, UMB Bank n.a. lifted its stake in shares of Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MOH. Wells Fargo & Company raised their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Robert W. Baird reduced their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Barclays upped their target price on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. 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, StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $367.17.

Molina Healthcare Stock Performance

Shares of NYSE MOH opened at $296.60 on Friday. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. 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’s fifty day moving average price is $319.53 and its 200 day moving average price is $322.75. 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 (NYSE:MOH) last posted its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) 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 business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same period in the prior year, the company posted $5.05 EPS. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, research analysts predict 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.