State Street Corp Has $900.79 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

State Street Corp grew its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,614,311 shares of the company’s stock after acquiring an additional 13,001 shares during the quarter. State Street Corp’s holdings in Molina Healthcare were worth $900,787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of MOH. Innealta Capital LLC purchased a new stake in shares of Molina Healthcare in the second quarter valued at about $36,000. True Wealth Design LLC increased its position in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Molina Healthcare during the second quarter worth $40,000. AM Squared Ltd bought a new position in Molina Healthcare in the 2nd quarter valued at $59,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Molina Healthcare during the 3rd quarter valued at $62,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Price Performance

NYSE:MOH opened at $294.99 on Friday. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The stock has a fifty day moving average of $313.41 and a 200 day moving average of $320.56. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The firm has a market capitalization of $16.87 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 1.07 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping the consensus estimate of $5.96 by $0.05. The company had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. Molina Healthcare’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.05 earnings per share. On average, research analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MOH has been the subject of several research reports. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Barclays raised their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Robert W. Baird decreased their price objective 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, Wells Fargo & Company boosted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company 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.