Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 14.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,924 shares of the company's stock after purchasing an additional 2,097 shares during the quarter. Intech Investment Management LLC's holdings in Molina Healthcare were worth $5,831,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MOH. Innealta Capital LLC acquired a new stake in shares of Molina Healthcare in the second quarter worth approximately $36,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Molina Healthcare in the 2nd quarter valued at $40,000. AM Squared Ltd acquired a new position in shares of Molina Healthcare in the 2nd quarter valued at $59,000. Capital Performance Advisors LLP purchased a new stake in shares of Molina Healthcare during the 3rd quarter valued at $62,000. Finally, UMB Bank n.a. increased its holdings in shares of Molina Healthcare by 96.2% during the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Molina Healthcare Price Performance

MOH opened at $290.79 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a 50-day moving average of $324.43 and a 200-day moving average of $324.40. The company has a market capitalization of $16.63 billion, a P/E ratio of 14.77, a PEG ratio of 1.02 and a beta of 0.59.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $9.92 billion. During the same period in the previous year, the company earned $5.05 earnings per share. Molina Healthcare's quarterly revenue was up 21.0% on a year-over-year basis. Equities analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on MOH shares. Barclays lifted their target price on Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Cantor Fitzgerald reissued an "overweight" rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Robert W. Baird lowered their price target 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 lifted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $367.17.

Molina Healthcare Company 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.