Everence Capital Management Inc. Purchases New Shares in Molina Healthcare, Inc. (NYSE:MOH)

Everence Capital Management Inc. purchased a new position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,870 shares of the company's stock, valued at approximately $544,000.

A number of other hedge funds also recently modified their holdings of the business. Public Sector Pension Investment Board raised its position in Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company's stock worth $871,000 after purchasing an additional 300 shares during the last quarter. CWM LLC raised its position in shares of Molina Healthcare by 76.2% during the third quarter. CWM LLC now owns 4,001 shares of the company's stock worth $1,379,000 after acquiring an additional 1,730 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Molina Healthcare in the third quarter worth approximately $2,947,000. Tri Ri Asset Management Corp acquired a new position in shares of Molina Healthcare in the third quarter worth approximately $3,722,000. Finally, Zacks Investment Management boosted its holdings in Molina Healthcare by 13.5% in the third quarter. Zacks Investment Management now owns 58,785 shares of the company's stock valued at $20,255,000 after acquiring an additional 6,984 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Molina Healthcare Stock Up 2.5 %

Shares of NYSE:MOH traded up $7.25 during trading on Friday, reaching $294.49. 402,779 shares of the stock were exchanged, compared to its average volume of 372,339. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The stock has a fifty day moving average of $303.77 and a two-hundred day moving average of $317.69. 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 firm has a market cap of $16.84 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating 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 business had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same quarter in the previous year, the business posted $5.05 EPS. Molina Healthcare's quarterly revenue was up 21.0% on a year-over-year basis. Research analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MOH. Wells Fargo & Company raised their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. Barclays lifted their price objective on Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Finally, Robert W. Baird cut their target price on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $361.91.

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.