Entropy Technologies LP bought a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,906 shares of the company's stock, valued at approximately $1,001,000.
Other institutional investors have also bought and sold shares of the company. Swedbank AB purchased a new position in Molina Healthcare during the first quarter worth about $69,320,000. Jupiter Asset Management Ltd. grew its holdings in shares of Molina Healthcare by 434.6% in the second quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company's stock valued at $55,181,000 after acquiring an additional 150,890 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Molina Healthcare by 36.2% during the second quarter. AQR Capital Management LLC now owns 463,537 shares of the company's stock valued at $137,810,000 after acquiring an additional 123,121 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Molina Healthcare by 13.3% during the second quarter. Renaissance Technologies LLC now owns 949,691 shares of the company's stock worth $282,343,000 after acquiring an additional 111,154 shares during the period. Finally, Boston Partners boosted its position in Molina Healthcare by 14.8% in the first quarter. Boston Partners now owns 798,950 shares of the company's stock worth $328,101,000 after purchasing an additional 103,245 shares during the last quarter. Institutional investors own 98.50% of the company's stock.
Molina Healthcare Trading Down 1.1 %
Shares of Molina Healthcare stock traded down $3.43 on Thursday, hitting $305.87. The stock had a trading volume of 676,211 shares, compared to its average volume of 538,938. The stock's 50-day simple moving average is $329.37 and its two-hundred day simple moving average is $326.23. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.10 and a beta of 0.59.
Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. The firm had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company's quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.05 earnings per share. As a group, sell-side analysts predict that Molina Healthcare, Inc. will post 23.45 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have weighed in on MOH shares. Wells Fargo & Company boosted their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Jefferies Financial Group decreased their price objective on Molina Healthcare from $354.00 to $297.00 and set a "hold" rating for the company in a report on Wednesday, July 24th. Robert W. Baird cut their target price 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. TD Cowen reduced their price objective on shares of Molina Healthcare from $412.00 to $351.00 and set a "buy" rating for the company in a research note on Wednesday, July 24th. Finally, Stephens reissued an "equal weight" rating and set a $320.00 price objective on shares of Molina Healthcare in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $367.17.
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About Molina Healthcare
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Free Report)
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.
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