Mutual of America Capital Management LLC Has $2.49 Million Stake in Molina Healthcare, Inc. (NYSE:MOH)

Mutual of America Capital Management LLC lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,232 shares of the company’s stock after selling 173 shares during the period. Mutual of America Capital Management LLC’s holdings in Molina Healthcare were worth $2,492,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in shares of Molina Healthcare in the second quarter valued at approximately $36,000. Ashton Thomas Private Wealth LLC bought a new position in Molina Healthcare during the 2nd quarter worth $40,000. Capital Performance Advisors LLP acquired a new position in Molina Healthcare in the 3rd quarter valued at $62,000. AM Squared Ltd bought a new stake in shares of Molina Healthcare during the 2nd quarter valued at $59,000. Finally, UMB Bank n.a. grew its holdings in shares of 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 in the last quarter. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Trading Down 1.8 %

MOH opened at $290.79 on Friday. 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, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The company’s 50 day moving average price is $323.09 and its two-hundred day moving average price is $324.03. The firm has a market capitalization of $16.63 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.02 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data 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. The company had revenue of $10.34 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.05 earnings per share. As a group, research analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. Wells Fargo & Company upped their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird lowered their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Barclays raised their price objective on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Molina Healthcare 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.