Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can increased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 6.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,718 shares of the company's stock after purchasing an additional 3,742 shares during the period. Bank of Montreal Can owned 0.11% of Molina Healthcare worth $21,441,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Trust Asset Management LLC bought a new stake in Molina Healthcare during the 3rd quarter valued at $231,000. Bank of Hawaii boosted its position in Molina Healthcare by 4.6% during the third quarter. Bank of Hawaii now owns 1,224 shares of the company's stock valued at $422,000 after purchasing an additional 54 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Molina Healthcare by 23.8% in the third quarter. Daiwa Securities Group Inc. now owns 21,025 shares of the company's stock valued at $7,244,000 after purchasing an additional 4,036 shares during the last quarter. Cerity Partners LLC raised its holdings in Molina Healthcare by 73.2% in the third quarter. Cerity Partners LLC now owns 5,418 shares of the company's stock worth $1,867,000 after purchasing an additional 2,290 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Molina Healthcare by 18.8% during the third quarter. Citigroup Inc. now owns 84,770 shares of the company's stock valued at $29,208,000 after buying an additional 13,387 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MOH. Barclays lifted their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Cantor Fitzgerald reiterated an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. Wells Fargo & Company boosted their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Finally, Robert W. Baird decreased their price target on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $367.17.

Molina Healthcare Stock Performance

NYSE:MOH traded up $1.30 during midday trading on Friday, hitting $297.90. The company's stock had a trading volume of 267,142 shares, compared to its average volume of 545,797. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The firm's 50 day moving average is $317.40 and its 200-day moving average is $322.19. The firm has a market cap of $17.04 billion, a P/E ratio of 15.14, a P/E/G ratio of 1.02 and a beta of 0.59.

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

About Molina Healthcare

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.