Cynosure Group LLC Decreases Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Cynosure Group LLC lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,049 shares of the company’s stock after selling 181 shares during the quarter. Cynosure Group LLC’s holdings in Molina Healthcare were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Townsquare Capital LLC bought a new stake in shares of Molina Healthcare in the 3rd quarter valued at about $228,000. BNP Paribas Financial Markets lifted its position in Molina Healthcare by 6.9% during the third quarter. BNP Paribas Financial Markets now owns 74,310 shares of the company’s stock valued at $25,604,000 after acquiring an additional 4,783 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Molina Healthcare in the third quarter valued at approximately $115,000. Dai ichi Life Insurance Company Ltd grew its holdings in Molina Healthcare by 37.3% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 5,521 shares of the company’s stock worth $1,902,000 after purchasing an additional 1,500 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Molina Healthcare by 0.5% during the third quarter. The Manufacturers Life Insurance Company now owns 72,920 shares of the company’s stock worth $25,125,000 after purchasing an additional 386 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MOH shares. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. Barclays lifted their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Robert W. Baird cut 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 note on Thursday, October 24th. Finally, Wells Fargo & Company raised their price target 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $367.17.

Molina Healthcare Stock Performance

NYSE MOH opened at $296.60 on Friday. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. 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 $16.97 billion, a P/E ratio of 15.06, a PEG ratio of 1.03 and a beta of 0.59. The stock has a 50-day simple moving average of $319.53 and a two-hundred day simple moving average of $322.75.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. The company had revenue of $10.34 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 21.0% on a year-over-year basis. During the same period in the previous year, the company posted $5.05 earnings per share. On average, equities analysts forecast that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Molina Healthcare Company 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.