Tower Research Capital LLC TRC Grows Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Tower Research Capital LLC TRC grew its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 63.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,386 shares of the company's stock after buying an additional 2,094 shares during the period. Tower Research Capital LLC TRC's holdings in Molina Healthcare were worth $1,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc lifted its position 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 buying an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in shares of Molina Healthcare in the fourth quarter valued at about $52,000. Hurley Capital LLC purchased a new stake in shares of Molina Healthcare in the fourth quarter valued at about $55,000. EverSource Wealth Advisors LLC increased its position in Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after purchasing an additional 88 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Molina Healthcare by 337.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock valued at $58,000 after purchasing an additional 155 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Performance

MOH traded up $6.00 on Monday, reaching $320.51. The company had a trading volume of 476,821 shares, compared to its average volume of 672,357. The stock has a 50-day moving average price of $319.39 and a 200-day moving average price of $307.40. The stock has a market capitalization of $17.53 billion, a PE ratio of 15.69, a P/E/G ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $365.23. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.96 by $0.12. The company had revenue of $11.15 billion for the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.73 earnings per share. As a group, research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on MOH. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. UBS Group cut their price objective on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research report on Friday, February 7th. Mizuho boosted their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th. Barclays lifted their price target on shares of Molina Healthcare from $339.00 to $362.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Stephens restated an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Molina Healthcare presently has an average rating of "Hold" and an average target price of $365.38.

Insider Activity

In other news, Director Steven J. Orlando sold 1,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

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.