Pitcairn Co. Sells 66 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Pitcairn Co. reduced its stake in Molina Healthcare, Inc. (NYSE:MOH) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,803 shares of the company’s stock after selling 66 shares during the period. Pitcairn Co.’s holdings in Molina Healthcare were worth $621,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MOH. Swedbank AB purchased a new stake in Molina Healthcare during the first quarter valued at $69,320,000. Jupiter Asset Management Ltd. increased its position in shares of Molina Healthcare by 434.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company’s stock valued at $55,181,000 after purchasing an additional 150,890 shares during the last quarter. AQR Capital Management LLC raised its holdings in Molina Healthcare by 36.2% during the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after buying an additional 123,121 shares during the period. Renaissance Technologies LLC lifted its position in Molina Healthcare by 13.3% in the second quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock worth $282,343,000 after buying an additional 111,154 shares during the last quarter. Finally, Boston Partners boosted its stake in Molina Healthcare by 14.8% during the first quarter. Boston Partners now owns 798,950 shares of the company’s stock worth $328,101,000 after buying an additional 103,245 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH stock opened at $298.10 on Tuesday. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve 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. The stock has a fifty day simple moving average of $323.09 and a two-hundred day simple moving average of $323.71. The stock has a market capitalization of $17.05 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 1.00 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share 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 company had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same period in the prior year, the firm earned $5.05 earnings per share. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, analysts predict that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MOH shares. 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. Robert W. Baird decreased their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft dropped their target price on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research report on Monday, July 29th. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company boosted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $367.17.

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.