Crossmark Global Holdings Inc. Buys 1,390 Shares of Molina Healthcare, Inc. (MOH)

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Crossmark Global Holdings Inc. grew its stake in Molina Healthcare, Inc. (NYSE:MOH) by 21.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,798 shares of the company’s stock after buying an additional 1,390 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Molina Healthcare were worth $906,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of Molina Healthcare by 2,264.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 93,813 shares of the company’s stock valued at $118,000 after buying an additional 89,845 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Molina Healthcare during the 4th quarter worth about $158,000. DekaBank Deutsche Girozentrale raised its position in shares of Molina Healthcare by 185.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,226 shares of the company’s stock worth $170,000 after acquiring an additional 796 shares in the last quarter. Alpha Cubed Investments LLC acquired a new stake in shares of Molina Healthcare during the 3rd quarter worth about $200,000. Finally, Ibex Investors LLC acquired a new stake in shares of Molina Healthcare during the 3rd quarter worth about $200,000.

MOH has been the topic of several research analyst reports. Wolfe Research lowered Molina Healthcare from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 3rd. Stephens initiated coverage on Molina Healthcare in a research report on Monday, January 14th. They set an “equal weight” rating and a $144.00 target price on the stock. JPMorgan Chase & Co. raised Molina Healthcare from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $127.00 to $150.00 in a research report on Tuesday, January 8th. Mitsubishi UFJ Financial Group raised Molina Healthcare from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 8th. Finally, Morgan Stanley raised their target price on Molina Healthcare from $178.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Molina Healthcare has an average rating of “Buy” and a consensus target price of $141.15.

NYSE:MOH opened at $137.09 on Tuesday. The company has a market capitalization of $8.55 billion, a PE ratio of 244.80, a P/E/G ratio of 1.18 and a beta of 1.67. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.78. Molina Healthcare, Inc. has a 12-month low of $71.07 and a 12-month high of $154.06.

Molina Healthcare (NYSE:MOH) last released its earnings results on Monday, February 11th. The company reported $3.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $1.55. Molina Healthcare had a return on equity of 30.50% and a net margin of 1.27%. Equities analysts predict that Molina Healthcare, Inc. will post 8.18 earnings per share for the current year.

In other news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $135.86, for a total value of $135,860.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronna Romney sold 200 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $141.23, for a total value of $28,246.00. The disclosure for this sale can be found here. In the last three months, insiders sold 5,395 shares of company stock worth $671,770. Corporate insiders own 0.65% of the company’s stock.

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Molina Healthcare 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.

Further Reading: What is a good rate of return for a mutual fund?

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

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