Atom Investors LP Acquires New Stake in Molina Healthcare, Inc. (NYSE:MOH)

Atom Investors LP purchased a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,127 shares of the company's stock, valued at approximately $1,422,000.

Other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers grew its position in shares of Molina Healthcare by 516.4% in the 1st quarter. Cetera Investment Advisers now owns 10,238 shares of the company's stock valued at $4,206,000 after buying an additional 8,577 shares during the last quarter. Cetera Advisors LLC bought a new position in Molina Healthcare during the 1st quarter valued at $339,000. CWM LLC boosted its holdings in Molina Healthcare by 15.2% during the 2nd quarter. CWM LLC now owns 2,271 shares of the company's stock worth $675,000 after acquiring an additional 300 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Molina Healthcare by 35.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 792 shares of the company's stock worth $235,000 after acquiring an additional 209 shares in the last quarter. Finally, Simplicity Wealth LLC raised its holdings in shares of Molina Healthcare by 18.9% in the second quarter. Simplicity Wealth LLC now owns 705 shares of the company's stock valued at $210,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays raised their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Cantor Fitzgerald reiterated an "overweight" rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Wells Fargo & Company raised their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. 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 research note on Thursday, October 24th. Finally, StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. One 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. Based on data from MarketBeat.com, Molina Healthcare currently has a consensus rating of "Moderate Buy" and an average target price of $367.17.

Molina Healthcare Trading Up 3.7 %

Shares of Molina Healthcare stock traded up $11.29 on Tuesday, hitting $313.16. 281,584 shares of the company traded hands, compared to its average volume of 544,596. 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's 50 day moving average price is $316.48 and its 200-day moving average price is $321.52. The company has a market cap of $17.91 billion, a PE ratio of 15.86, a PEG ratio of 1.03 and a beta of 0.54. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same quarter in the previous year, the firm earned $5.05 earnings per share. The firm's quarterly revenue was up 21.0% compared to the same quarter last year. Equities research analysts predict that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

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.