Aigen Investment Management LP Sells 1,923 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Aigen Investment Management LP lessened its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 54.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,614 shares of the company's stock after selling 1,923 shares during the quarter. Aigen Investment Management LP's holdings in Molina Healthcare were worth $556,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MOH. Swedbank AB acquired a new position in shares of Molina Healthcare during the first quarter worth about $69,320,000. Jupiter Asset Management Ltd. increased its position in Molina Healthcare by 434.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company's stock worth $55,181,000 after purchasing an additional 150,890 shares during the period. AQR Capital Management LLC grew its holdings in Molina Healthcare by 36.2% during the second quarter. AQR Capital Management LLC now owns 463,537 shares of the company's stock worth $137,810,000 after acquiring an additional 123,121 shares during the period. Renaissance Technologies LLC increased its holdings in Molina Healthcare by 13.3% in the second quarter. Renaissance Technologies LLC now owns 949,691 shares of the company's stock valued at $282,343,000 after buying an additional 111,154 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Molina Healthcare by 14.8% during the 1st quarter. Boston Partners now owns 798,950 shares of the company's stock valued at $328,101,000 after acquiring an additional 103,245 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. TD Cowen dropped their target price on shares of Molina Healthcare from $412.00 to $351.00 and set a "buy" rating for the company in a report on Wednesday, July 24th. Wells Fargo & Company increased their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, Jefferies Financial Group reduced their target price on shares of Molina Healthcare from $354.00 to $297.00 and set a "hold" rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $367.17.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock traded down $3.44 during midday trading on Thursday, reaching $305.86. The company had a trading volume of 433,718 shares, compared to its average volume of 537,841. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a market capitalization of $17.50 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59. The stock has a fifty day simple moving average of $329.37 and a 200 day simple moving average of $326.23.

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. The company had revenue of $10.34 billion during the quarter, compared to analysts' expectations of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. Molina Healthcare's revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business posted $5.05 EPS. As a group, equities research analysts forecast that Molina Healthcare, Inc. will post 23.45 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.