PDT Partners LLC Trims Stake in Molina Healthcare, Inc. (NYSE:MOH)

PDT Partners LLC lowered its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 51.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,603 shares of the company's stock after selling 1,708 shares during the period. PDT Partners LLC's holdings in Molina Healthcare were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in Molina Healthcare during the second quarter worth about $36,000. Ashton Thomas Private Wealth LLC bought a new stake in Molina Healthcare in the 2nd quarter valued at $40,000. AM Squared Ltd bought a new stake in Molina Healthcare in the 2nd quarter valued at $59,000. Capital Performance Advisors LLP bought a new position in Molina Healthcare during the third quarter worth $62,000. Finally, UMB Bank n.a. boosted its position 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 purchasing an additional 101 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MOH. Cantor Fitzgerald restated an "overweight" rating and set a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. Robert W. Baird dropped their price objective on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Wells Fargo & Company increased 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 report on Monday, November 4th. Barclays upped their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Finally, StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Molina Healthcare has an average rating of "Moderate Buy" and a consensus price target of $367.17.

Molina Healthcare Stock Up 3.3 %

Shares of NYSE MOH traded up $9.90 during mid-day trading on Tuesday, reaching $311.77. 896,517 shares of the company's stock traded hands, compared to its average volume of 547,276. 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 $316.48 and a 200 day simple moving average of $321.52. The stock has a market cap of $17.83 billion, a P/E ratio of 15.84, a PEG ratio of 1.04 and a beta of 0.54. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92.

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, topping 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 return on equity of 27.88% and a net margin of 2.92%. 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 business posted $5.05 earnings per share. On average, analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Molina Healthcare 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.