Gateway Investment Advisers LLC Reduces Position in Molina Healthcare, Inc. (NYSE:MOH)

Gateway Investment Advisers LLC lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,341 shares of the company’s stock after selling 457 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Molina Healthcare were worth $5,629,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MOH. True Wealth Design LLC boosted its holdings in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares during the period. Versant Capital Management Inc lifted its position in shares of Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Molina Healthcare in the third quarter worth $62,000. UMB Bank n.a. grew its holdings in Molina Healthcare by 96.2% during the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after buying an additional 101 shares in the last quarter. Finally, AM Squared Ltd grew its stake in Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock valued at $103,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 1.3 %

Shares of NYSE:MOH opened at $286.36 on Friday. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $296.84 and a two-hundred day simple moving average of $316.81. The stock has a market capitalization of $16.38 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 0.89 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 for the quarter, beating 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 the consensus estimate of $9.92 billion. During the same quarter last year, the firm earned $5.05 earnings per share. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, research analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Barclays lifted their price target on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Robert W. Baird lowered their price objective 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. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare presently has a consensus rating of “Hold” and an average price target of $359.18.

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.