Empowered Funds LLC Raises Stake in Molina Healthcare, Inc. (NYSE:MOH)

Empowered Funds LLC grew its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,900 shares of the company's stock after buying an additional 12,251 shares during the period. Empowered Funds LLC owned 0.12% of Molina Healthcare worth $19,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MOH. True Wealth Design LLC grew its position in Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after buying an additional 100 shares during the period. Versant Capital Management Inc raised its stake in Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after purchasing an additional 74 shares during the period. Capital Performance Advisors LLP purchased a new position in Molina Healthcare during the third quarter worth about $62,000. UMB Bank n.a. raised its stake in Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after purchasing an additional 101 shares during the period. Finally, AM Squared Ltd raised its stake in Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company's stock worth $103,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 98.50% of the company's stock.

Analysts Set New Price Targets

MOH has been the subject of a number of research reports. Robert W. Baird dropped their price objective 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. StockNews.com downgraded shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research report on Saturday. JPMorgan Chase & Co. restated a "neutral" rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Cantor Fitzgerald reiterated an "overweight" rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, Barclays decreased their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $355.67.

Molina Healthcare Stock Down 2.4 %

Shares of MOH traded down $6.49 during trading hours on Wednesday, reaching $266.57. The company's stock had a trading volume of 949,245 shares, compared to its average volume of 651,911. The company has a 50 day moving average of $296.30 and a two-hundred day moving average of $317.47. Molina Healthcare, Inc. has a 1-year low of $266.20 and a 1-year high of $423.92. The firm has a market cap of $15.25 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 0.94 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, research analysts predict that Molina Healthcare, Inc. will post 24.5 EPS for the current fiscal 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.