M&T Bank Corp Sells 228 Shares of Molina Healthcare, Inc. (NYSE:MOH)

M&T Bank Corp lowered its position in Molina Healthcare, Inc. (NYSE:MOH) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,531 shares of the company’s stock after selling 228 shares during the quarter. M&T Bank Corp’s holdings in Molina Healthcare were worth $1,906,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Molina Healthcare during the 2nd quarter worth approximately $36,000. True Wealth Design LLC lifted its holdings 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 worth $36,000 after purchasing an additional 100 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Molina Healthcare in the second quarter worth $40,000. AM Squared Ltd bought a new position in Molina Healthcare during the 2nd quarter worth $59,000. Finally, Capital Performance Advisors LLP acquired a new position in Molina Healthcare during the 3rd quarter worth about $62,000. Institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MOH. Wells Fargo & Company raised their price objective on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird dropped their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Finally, Barclays increased their price target on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. One 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. Based on data from MarketBeat.com, Molina Healthcare presently has an average rating of “Moderate Buy” and an average target price of $367.17.

Molina Healthcare Trading Up 2.0 %

Shares of Molina Healthcare stock opened at $303.02 on Friday. The company has a market capitalization of $17.33 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. The stock has a fifty day simple moving average of $309.90 and a 200 day simple moving average of $319.37. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

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