Empirical Finance LLC Buys 1,621 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Empirical Finance LLC increased its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 53.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,632 shares of the company's stock after purchasing an additional 1,621 shares during the period. Empirical Finance LLC's holdings in Molina Healthcare were worth $1,348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MOH. True Wealth Design LLC grew its stake in Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock worth $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc grew its stake in Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after purchasing an additional 74 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Molina Healthcare in the third quarter worth $62,000. UMB Bank n.a. grew its stake in shares of Molina Healthcare by 96.2% in the third quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after acquiring an additional 101 shares during the last quarter. Finally, AM Squared Ltd grew its stake in shares of Molina Healthcare by 50.0% in the third quarter. AM Squared Ltd now owns 300 shares of the company's stock worth $103,000 after acquiring an additional 100 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group cut their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Barclays cut their target price on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company increased their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. StockNews.com cut Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 8th. Finally, Stephens reissued an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $355.67.

Molina Healthcare Stock Performance

NYSE:MOH traded up $4.34 on Thursday, hitting $270.91. The stock had a trading volume of 663,514 shares, compared to its average volume of 652,314. The stock has a market cap of $15.50 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The business's 50-day simple moving average is $296.30 and its two-hundred day simple moving average is $317.47. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, research analysts predict that Molina Healthcare, Inc. will post 24.5 earnings per share for the current year.

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.