Nationwide Fund Advisors lessened its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 12.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,466 shares of the company’s stock after selling 20,770 shares during the quarter. Nationwide Fund Advisors owned approximately 0.26% of Molina Healthcare worth $10,346,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. acquired a new stake in Molina Healthcare during the second quarter valued at $7,007,000. State Board of Administration of Florida Retirement System grew its position in shares of Molina Healthcare by 86.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 40,338 shares of the company’s stock valued at $2,791,000 after purchasing an additional 18,700 shares during the period. Pacer Advisors Inc. grew its position in shares of Molina Healthcare by 5.1% in the second quarter. Pacer Advisors Inc. now owns 12,358 shares of the company’s stock valued at $855,000 after purchasing an additional 598 shares during the period. Keybank National Association OH grew its position in shares of Molina Healthcare by 10.5% in the second quarter. Keybank National Association OH now owns 41,333 shares of the company’s stock valued at $2,859,000 after purchasing an additional 3,929 shares during the period. Finally, Scout Investments Inc. grew its position in shares of Molina Healthcare by 36.6% in the second quarter. Scout Investments Inc. now owns 614,535 shares of the company’s stock valued at $42,514,000 after purchasing an additional 164,677 shares during the period. Institutional investors own 96.23% of the company’s stock.

Molina Healthcare, Inc. (NYSE:MOH) traded down $0.97 during trading hours on Wednesday, hitting $76.51. 473,800 shares of the stock traded hands, compared to its average volume of 1,255,741. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $4,423.64, a P/E ratio of 24.06 and a beta of 0.97. Molina Healthcare, Inc. has a 12-month low of $42.56 and a 12-month high of $80.74.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($1.85). The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. analysts expect that Molina Healthcare, Inc. will post -3.88 earnings per share for the current year.

In other Molina Healthcare news, Director Garrey Carruthers sold 1,300 shares of Molina Healthcare stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $75.66, for a total transaction of $98,358.00. Following the transaction, the director now directly owns 7,016 shares of the company’s stock, valued at $530,830.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Mario Md Molina sold 15,000 shares of Molina Healthcare stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $78.52, for a total transaction of $1,177,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 475,523 shares of company stock worth $32,917,172. Insiders own 6.20% of the company’s stock.

Several analysts have recently issued reports on MOH shares. Deutsche Bank reiterated a “hold” rating and issued a $72.00 target price on shares of Molina Healthcare in a research report on Wednesday, August 9th. Morgan Stanley upgraded shares of Molina Healthcare from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $65.00 to $68.00 in a research report on Thursday, August 17th. Mitsubishi UFJ Financial Group started coverage on shares of Molina Healthcare in a research report on Thursday, September 21st. They issued a “neutral” rating and a $70.00 target price on the stock. Zacks Investment Research lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Jefferies Group lifted their target price on shares of Molina Healthcare from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $64.30.

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About Molina Healthcare

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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