Molina Healthcare, Inc. (NYSE:MOH) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 42.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,120 shares of the company's stock after buying an additional 9,538 shares during the quarter. National Bank of Canada FI owned 0.06% of Molina Healthcare worth $11,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Robert W. Baird lowered their price target on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company raised their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Finally, Barclays lifted their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $367.17.

Molina Healthcare Stock Performance

MOH traded up $2.10 during trading on Wednesday, hitting $300.31. The stock had a trading volume of 783,937 shares, compared to its average volume of 550,055. 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's 50-day moving average price is $311.77 and its 200 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. The firm has a market capitalization of $17.18 billion, a P/E ratio of 15.25, a PEG ratio of 1.02 and a beta of 0.54.

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