Cerity Partners LLC Acquires 2,290 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Cerity Partners LLC raised its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 73.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,418 shares of the company's stock after buying an additional 2,290 shares during the period. Cerity Partners LLC's holdings in Molina Healthcare were worth $1,867,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Molina Healthcare by 76.2% during the 3rd 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. Cetera Investment Advisers increased its holdings in shares of Molina Healthcare by 516.4% in the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company's stock valued at $4,206,000 after purchasing an additional 8,577 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Molina Healthcare by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company's stock worth $50,421,000 after purchasing an additional 1,778 shares during the last quarter. BDF Gestion acquired a new position in Molina Healthcare during the 2nd quarter worth $1,591,000. Finally, Victory Capital Management Inc. boosted its position in Molina Healthcare by 38.5% in the 2nd quarter. Victory Capital Management Inc. now owns 89,083 shares of the company's stock valued at $26,484,000 after buying an additional 24,778 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Up 3.3 %

Shares of Molina Healthcare stock traded up $9.90 on Tuesday, hitting $311.77. The company had a trading volume of 896,517 shares, compared to its average volume of 547,276. The stock has a 50-day moving average of $315.79 and a 200-day moving average of $321.27. 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 twelve month low of $272.69 and a twelve month high of $423.92. The firm has a market capitalization of $17.83 billion, a P/E ratio of 15.83, a P/E/G ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results 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. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The firm had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter in the prior year, the firm posted $5.05 EPS. The business's revenue was up 21.0% on a year-over-year basis. Research analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.