Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd increased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 98.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,621 shares of the company's stock after purchasing an additional 1,798 shares during the period. XTX Topco Ltd's holdings in Molina Healthcare were worth $1,248,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in shares of Molina Healthcare during the 2nd quarter worth approximately $36,000. True Wealth Design LLC grew its stake in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company's stock worth $36,000 after acquiring an additional 100 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Molina Healthcare in the 2nd quarter worth approximately $40,000. AM Squared Ltd purchased a new stake in Molina Healthcare in the 2nd quarter worth approximately $59,000. Finally, Capital Performance Advisors LLP purchased a new stake in Molina Healthcare in the 3rd quarter worth approximately $62,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Stock Down 2.7 %

Shares of NYSE:MOH traded down $8.33 during midday trading on Tuesday, hitting $298.21. 660,218 shares of the company's stock traded hands, compared to its average volume of 548,894. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The company has a market cap of $17.06 billion, a PE ratio of 15.15, a P/E/G ratio of 1.02 and a beta of 0.54. The firm's fifty day moving average price is $311.77 and its two-hundred day moving average price is $319.90. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results 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. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.05 EPS. On average, equities research analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays lifted their target price 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. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. Robert W. Baird lowered 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 note on Thursday, October 24th. Finally, Wells Fargo & Company boosted their price objective 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. 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $367.17.

About Molina Healthcare

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.