Crossmark Global Holdings Inc. Sells 2,286 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Crossmark Global Holdings Inc. reduced its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 33.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,500 shares of the company’s stock after selling 2,286 shares during the period. Crossmark Global Holdings Inc.’s holdings in Molina Healthcare were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Molina Healthcare during the 2nd quarter worth approximately $36,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Molina Healthcare during the second quarter worth $40,000. AM Squared Ltd bought a new stake in shares of Molina Healthcare in the second quarter worth $59,000. Capital Performance Advisors LLP bought a new stake in shares of Molina Healthcare in the third quarter worth $62,000. Finally, UMB Bank n.a. raised its position in Molina Healthcare by 96.2% during the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after purchasing an additional 101 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Performance

Shares of MOH opened at $309.30 on Thursday. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. The company has a market cap of $17.69 billion, a PE ratio of 15.71, a P/E/G ratio of 1.10 and a beta of 0.59. The stock has a 50-day moving average of $329.37 and a 200-day moving average of $326.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.92 billion. During the same quarter last year, the firm posted $5.05 earnings per share. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities research analysts predict that Molina Healthcare, Inc. will post 23.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on MOH. TD Cowen reduced their price target on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Barclays raised their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Stephens restated an “equal weight” rating and issued a $320.00 target price on shares of Molina Healthcare in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Molina Healthcare presently has an average rating of “Moderate Buy” and an average target price 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.