M&T Bank Corp Has $1.91 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

M&T Bank Corp lessened its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 4.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC raised its holdings in Molina Healthcare by 2,500.0% in the 3rd 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 period. Innealta Capital LLC acquired a new position in shares of Molina Healthcare in the second quarter valued at approximately $36,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Molina Healthcare during the second quarter worth approximately $40,000. Capital Performance Advisors LLP acquired a new stake in Molina Healthcare during the 3rd quarter worth approximately $62,000. Finally, AM Squared Ltd bought a new stake in Molina Healthcare in the 2nd quarter valued at $59,000. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MOH. Robert W. Baird lowered their price objective on 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 raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. Wells Fargo & Company raised their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Barclays boosted their price target 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $367.17.

Molina Healthcare Price Performance

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

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