Tri Ri Asset Management Corp Buys New Position in Molina Healthcare, Inc. (NYSE:MOH)

Tri Ri Asset Management Corp purchased a new stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,746 shares of the company's stock, valued at approximately $3,445,000. Molina Healthcare accounts for approximately 3.8% of Tri Ri Asset Management Corp's holdings, making the stock its 12th largest position.

Several other hedge funds have also made changes to their positions in the company. Virtu Financial LLC purchased a new stake in Molina Healthcare in the 3rd quarter valued at about $2,111,000. Hohimer Wealth Management LLC raised its stake in shares of Molina Healthcare by 2.7% in the 3rd quarter. Hohimer Wealth Management LLC now owns 3,475 shares of the company's stock valued at $1,197,000 after acquiring an additional 93 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Molina Healthcare by 6.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,298 shares of the company's stock worth $787,000 after acquiring an additional 135 shares during the last quarter. Ashford Capital Management Inc. boosted its position in shares of Molina Healthcare by 11.3% during the 3rd quarter. Ashford Capital Management Inc. now owns 5,013 shares of the company's stock worth $1,727,000 after purchasing an additional 510 shares during the period. Finally, Continuum Advisory LLC increased its holdings in Molina Healthcare by 15.0% in the 3rd quarter. Continuum Advisory LLC now owns 9,633 shares of the company's stock valued at $3,319,000 after purchasing an additional 1,254 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Down 0.7 %

NYSE:MOH traded down $2.04 during trading hours on Thursday, hitting $298.27. The company's stock had a trading volume of 509,974 shares, compared to its average volume of 549,649. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $17.06 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.02 and a beta of 0.54. The stock has a fifty day moving average of $311.14 and a 200-day moving average of $319.76.

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

Analyst Upgrades and Downgrades

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