Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 23.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 21,025 shares of the company's stock after buying an additional 4,036 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Molina Healthcare were worth $7,244,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in shares of Molina Healthcare by 13.3% in the second quarter. Renaissance Technologies LLC now owns 949,691 shares of the company's stock worth $282,343,000 after purchasing an additional 111,154 shares during the last quarter. Boston Partners boosted its position in shares of Molina Healthcare by 14.8% during the first quarter. Boston Partners now owns 798,950 shares of the company's stock valued at $328,101,000 after buying an additional 103,245 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Molina Healthcare by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company's stock valued at $140,026,000 after purchasing an additional 84,929 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Molina Healthcare by 36.2% in the second quarter. AQR Capital Management LLC now owns 463,537 shares of the company's stock valued at $137,810,000 after purchasing an additional 123,121 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Molina Healthcare by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company's stock valued at $134,405,000 after purchasing an additional 10,030 shares during the period. Institutional investors own 98.50% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays boosted 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 note on Friday, October 25th. Cantor Fitzgerald reissued an "overweight" rating and set a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. Robert W. Baird reduced 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 report on Thursday, October 24th. StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Finally, Wells Fargo & Company increased their price objective on shares of 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $367.17.

Molina Healthcare Trading Down 0.4 %

NYSE MOH traded down $1.27 on Tuesday, reaching $296.70. The company had a trading volume of 437,940 shares, compared to its average volume of 547,497. The firm has a market cap of $16.97 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.00 and a beta of 0.59. The business has a 50 day moving average of $321.83 and a two-hundred day moving average of $323.34. 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.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. During the same period last year, the firm earned $5.05 EPS. Molina Healthcare's revenue for the quarter was up 21.0% on a year-over-year basis. Analysts forecast 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.