Oddo BHF Asset Management Sas Buys Shares of 8,552 Molina Healthcare, Inc. (NYSE:MOH)

Oddo BHF Asset Management Sas purchased a new position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,552 shares of the company's stock, valued at approximately $2,947,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC bought a new stake in Molina Healthcare during the first quarter worth $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 acquired a new position in Molina Healthcare during the second quarter worth approximately $2,491,000. Lecap Asset Management Ltd. bought a new stake in Molina Healthcare in the second quarter valued at approximately $4,009,000. Finally, Retirement Systems of Alabama raised its stake in Molina Healthcare by 1.0% in the second quarter. Retirement Systems of Alabama now owns 12,926 shares of the company's stock valued at $3,843,000 after buying an additional 123 shares during the period. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Price Performance

Molina Healthcare stock traded up $5.84 during trading hours on Friday, reaching $303.02. 520,562 shares of the stock were exchanged, compared to its average volume of 550,756. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The company has a market cap of $17.33 billion, a P/E 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 of $309.90 and a two-hundred day moving average of $319.37.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same quarter last year, the business posted $5.05 EPS. The firm's revenue for the quarter was up 21.0% on a year-over-year basis. Equities analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Analysts Set New Price Targets

MOH has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Barclays increased their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Robert W. Baird decreased their target price on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Cantor Fitzgerald restated an "overweight" rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $367.17.

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.