Federated Hermes Inc. Cuts Holdings in Molina Healthcare, Inc (NYSE:MOH)

Federated Hermes Inc. decreased its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 64.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,219 shares of the company's stock after selling 31,902 shares during the period. Federated Hermes Inc.'s holdings in Molina Healthcare were worth $5,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its stake in shares of Molina Healthcare by 449.3% during the first quarter. Meeder Asset Management Inc. now owns 17,775 shares of the company's stock worth $5,855,000 after purchasing an additional 14,539 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Molina Healthcare by 7.3% during the first quarter. Mackenzie Financial Corp now owns 8,375 shares of the company's stock worth $2,759,000 after purchasing an additional 568 shares in the last quarter. First National Advisers LLC purchased a new stake in shares of Molina Healthcare during the first quarter worth about $402,000. LPL Financial LLC increased its stake in shares of Molina Healthcare by 69.6% during the first quarter. LPL Financial LLC now owns 30,463 shares of the company's stock worth $10,034,000 after purchasing an additional 12,503 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Molina Healthcare by 5.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,623 shares of the company's stock worth $7,122,000 after purchasing an additional 1,118 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Performance

NYSE:MOH opened at $155.12 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 7.65 and a beta of 0.52. The company's 50-day moving average is $251.63 and its two-hundred day moving average is $291.64. Molina Healthcare, Inc has a 1-year low of $153.01 and a 1-year high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing the consensus estimate of $5.50 by ($0.02). The firm had revenue of $11.43 billion during the quarter, compared to analyst estimates of $10.94 billion. Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The business's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.86 earnings per share. Analysts forecast that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MOH. Baird R W cut shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Sanford C. Bernstein began coverage on shares of Molina Healthcare in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 target price for the company. Barclays cut their target price on shares of Molina Healthcare from $270.00 to $186.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Morgan Stanley cut shares of Molina Healthcare from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $364.00 to $266.00 in a research note on Thursday, July 10th. Finally, Wells Fargo & Company cut their target price on shares of Molina Healthcare from $372.00 to $216.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $244.55.

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.

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