Thrivent Financial for Lutherans Decreases Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Thrivent Financial for Lutherans lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 4.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,734 shares of the company’s stock after selling 10,961 shares during the period. Thrivent Financial for Lutherans owned approximately 0.40% of Molina Healthcare worth $78,813,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MOH. AM Squared Ltd grew its holdings in Molina Healthcare by 50.0% during the 3rd quarter. AM Squared Ltd now owns 300 shares of the company’s stock valued at $103,000 after purchasing an additional 100 shares in the last quarter. Natixis Advisors LLC boosted its position in Molina Healthcare by 6.7% in the 3rd quarter. Natixis Advisors LLC now owns 28,047 shares of the company’s stock valued at $9,664,000 after buying an additional 1,757 shares during the last quarter. Empirical Finance LLC grew its stake in shares of Molina Healthcare by 2.9% during the third quarter. Empirical Finance LLC now owns 3,011 shares of the company’s stock valued at $1,037,000 after acquiring an additional 85 shares in the last quarter. Royce & Associates LP increased its position in shares of Molina Healthcare by 0.9% during the third quarter. Royce & Associates LP now owns 30,867 shares of the company’s stock worth $10,636,000 after acquiring an additional 278 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Molina Healthcare by 8.3% in the third quarter. CIBC Asset Management Inc now owns 8,537 shares of the company’s stock worth $2,942,000 after acquiring an additional 652 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MOH shares. 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. Jefferies Financial Group dropped their price target on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a report on Monday, July 29th. TD Cowen cut their target price on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $367.17.

Molina Healthcare Trading Down 3.8 %

Shares of NYSE MOH opened at $294.34 on Monday. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.01 and a beta of 0.59. 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’s 50 day simple moving average is $328.20 and its 200 day simple moving average is $325.54.

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, beating analysts’ consensus estimates 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 return on equity of 27.88% and a net margin of 2.92%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the business posted $5.05 earnings per share. Equities research analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Molina Healthcare 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.