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

Metis Global Partners LLC raised its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.4% in the third quarter, Holdings Channel.com reports. The fund owned 2,785 shares of the company’s stock after acquiring an additional 39 shares during the period. Metis Global Partners LLC’s holdings in Molina Healthcare were worth $960,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. US Bancorp DE lifted its stake in Molina Healthcare by 7.8% during the first quarter. US Bancorp DE now owns 2,332 shares of the company’s stock valued at $958,000 after purchasing an additional 168 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Molina Healthcare by 3.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 52,900 shares of the company’s stock worth $21,709,000 after acquiring an additional 1,668 shares during the last quarter. Covestor Ltd raised its position in shares of Molina Healthcare by 38.1% during the first quarter. Covestor Ltd now owns 428 shares of the company’s stock worth $177,000 after purchasing an additional 118 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Molina Healthcare by 28.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 12,050 shares of the company’s stock valued at $4,951,000 after purchasing an additional 2,679 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in shares of Molina Healthcare in the 1st quarter valued at $516,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Down 3.8 %

NYSE:MOH opened at $294.34 on Monday. The company has a market capitalization 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. 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 quick ratio of 1.55 and a current ratio of 1.54. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results 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 the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. Molina Healthcare’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter last year, the firm earned $5.05 EPS. On average, research analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on MOH shares. Deutsche Bank Aktiengesellschaft cut their price objective on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company upped their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. TD Cowen reduced their target price on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Stephens reiterated an “equal weight” rating and set a $320.00 price target on shares of Molina Healthcare in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $367.17.

Molina Healthcare 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.