Nomura Asset Management Co. Ltd. decreased its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 22.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,918 shares of the company's stock after selling 5,106 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Molina Healthcare were worth $6,174,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Cetera Advisors LLC bought a new position in Molina Healthcare in the first quarter valued at about $339,000. Assenagon Asset Management S.A. lifted its stake in Molina Healthcare by 72.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 25,738 shares of the company's stock valued at $7,652,000 after purchasing an additional 10,799 shares during the last quarter. Continuum Advisory LLC bought a new stake in shares of Molina Healthcare during the second quarter worth $2,491,000. Lecap Asset Management Ltd. acquired a new position in shares of Molina Healthcare during the second quarter worth $4,009,000. Finally, Retirement Systems of Alabama lifted its stake in shares of Molina Healthcare by 1.0% in the 2nd quarter. Retirement Systems of Alabama now owns 12,926 shares of the company's stock valued at $3,843,000 after acquiring an additional 123 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Molina Healthcare Stock Up 2.0 %
Shares of NYSE:MOH traded up $5.83 during midday trading on Friday, hitting $303.01. 520,323 shares of the company's stock were exchanged, compared to its average volume of 550,756. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The company has a market cap of $17.33 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. The stock has a 50 day moving average price of $309.90 and a 200-day moving average price of $319.40.
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, sell-side analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on MOH shares. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Wells Fargo & Company lifted their target price 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. Cantor Fitzgerald reissued an "overweight" rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Barclays lifted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Finally, Robert W. Baird decreased 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $367.17.
View Our Latest Research Report on MOH
About Molina Healthcare
(
Free Report)
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.
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