Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC increased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,785 shares of the company’s stock after acquiring an additional 39 shares during the quarter. Metis Global Partners LLC’s holdings in Molina Healthcare were worth $960,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MOH. Capital International Investors raised its position in shares of Molina Healthcare by 0.9% in the 1st quarter. Capital International Investors now owns 1,665,801 shares of the company’s stock valued at $684,361,000 after purchasing an additional 15,264 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Molina Healthcare by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock valued at $282,343,000 after acquiring an additional 111,154 shares during the last quarter. Boston Partners grew its holdings in Molina Healthcare by 14.8% during the 1st quarter. Boston Partners now owns 798,950 shares of the company’s stock worth $328,101,000 after acquiring an additional 103,245 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Molina Healthcare by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock worth $140,026,000 after purchasing an additional 84,929 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Molina Healthcare by 36.2% in the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after purchasing an additional 123,121 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on MOH. Deutsche Bank Aktiengesellschaft decreased their price target on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research note on Monday, July 29th. Jefferies Financial Group lowered their price target on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Stephens reissued an “equal weight” rating and set a $320.00 target price on shares of Molina Healthcare in a report on Thursday, July 25th. Finally, Robert W. Baird decreased their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Moderate Buy” and an average price target of $367.17.

Molina Healthcare Stock Down 3.8 %

MOH opened at $294.34 on Monday. The stock’s 50 day moving average price is $328.20 and its 200 day moving average price is $325.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The stock has a market cap of $16.84 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.01 and a beta of 0.59. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company’s revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the business earned $5.05 earnings per share. As a group, research analysts predict 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.