Comerica Bank Acquires 98 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Comerica Bank lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 0.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 36,511 shares of the company’s stock after buying an additional 98 shares during the period. Comerica Bank’s holdings in Molina Healthcare were worth $4,398,000 at the end of the most recent reporting period.

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Several other institutional investors have also bought and sold shares of MOH. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Molina Healthcare by 315.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 49,874 shares of the company’s stock worth $7,080,000 after buying an additional 37,873 shares during the last quarter. Centric Wealth Management grew its holdings in Molina Healthcare by 2.9% during the 2nd quarter. Centric Wealth Management now owns 6,305 shares of the company’s stock valued at $902,000 after purchasing an additional 179 shares during the last quarter. Oliver Luxxe Assets LLC bought a new position in Molina Healthcare during the 2nd quarter valued at about $208,000. Scout Investments Inc. grew its holdings in Molina Healthcare by 24.7% during the 2nd quarter. Scout Investments Inc. now owns 219,718 shares of the company’s stock valued at $31,450,000 after purchasing an additional 43,510 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Molina Healthcare during the 2nd quarter valued at about $846,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

In other Molina Healthcare news, Director Ronna Romney sold 375 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $121.97, for a total value of $45,738.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is owned by insiders.

Several equities analysts recently commented on MOH shares. Jefferies Financial Group downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating and cut their price target for the company from $133.00 to $120.00 in a report on Wednesday, October 30th. Morgan Stanley cut their price target on shares of Molina Healthcare from $172.00 to $158.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. ValuEngine downgraded shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Bank of America reiterated an “underperform” rating and set a $140.00 price target (up from $132.00) on shares of Molina Healthcare in a report on Wednesday, July 31st. Finally, Deutsche Bank initiated coverage on shares of Molina Healthcare in a research report on Thursday, September 12th. They issued a “buy” rating and a $145.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Molina Healthcare currently has an average rating of “Hold” and a consensus price target of $154.33.

Molina Healthcare stock opened at $126.18 on Friday. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 1.11 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.78 and a quick ratio of 1.78. Molina Healthcare, Inc. has a 1 year low of $105.28 and a 1 year high of $159.00. The firm has a 50-day moving average of $116.73 and a two-hundred day moving average of $130.16.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Tuesday, October 29th. The company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.10. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Molina Healthcare had a net margin of 4.47% and a return on equity of 49.14%. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.97 EPS. Research analysts expect that Molina Healthcare, Inc. will post 11.52 earnings per share for the current year.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare, Inc. (NYSE:MOH).

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

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