J2 Capital Management Inc Acquires New Stake in Molina Healthcare, Inc. (NYSE:MOH)

J2 Capital Management Inc acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,185 shares of the company's stock, valued at approximately $345,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC boosted its stake in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after buying an additional 74 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Molina Healthcare during the third quarter worth $62,000. UMB Bank n.a. grew its holdings 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 buying an additional 101 shares in the last quarter. Finally, AM Squared Ltd raised its position in Molina Healthcare by 50.0% in the 3rd quarter. AM Squared Ltd now owns 300 shares of the company's stock valued at $103,000 after buying an additional 100 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on MOH shares. StockNews.com upgraded shares of 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 issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Wells Fargo & Company lifted their target price 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. Barclays upped 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. Finally, Robert W. Baird dropped their price target on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $359.18.

Molina Healthcare Stock Performance

Shares of MOH traded up $3.76 during trading hours on Friday, hitting $286.36. The company's stock had a trading volume of 838,441 shares, compared to its average volume of 426,981. The company has a market cap of $16.38 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 0.89 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The business has a 50 day simple moving average of $296.84 and a two-hundred day simple moving average of $317.13. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion for the quarter, compared to analysts' expectations of $9.92 billion. During the same quarter in the previous year, the firm posted $5.05 EPS. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

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.