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

Tri Ri Asset Management Corp acquired a new stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,746 shares of the company's stock, valued at approximately $3,722,000. Molina Healthcare accounts for approximately 1.9% of Tri Ri Asset Management Corp's investment portfolio, making the stock its 20th largest holding.

Other hedge funds have also modified their holdings of the company. State Street Corp boosted its position in Molina Healthcare by 0.5% in the third quarter. State Street Corp now owns 2,614,311 shares of the company's stock valued at $900,787,000 after buying an additional 13,001 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Molina Healthcare by 13.3% in the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company's stock worth $282,343,000 after acquiring an additional 111,154 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Molina Healthcare by 22.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company's stock worth $140,026,000 after acquiring an additional 84,929 shares during the last quarter. AQR Capital Management LLC increased its holdings in Molina Healthcare by 36.2% during the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company's stock valued at $137,810,000 after purchasing an additional 123,121 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Molina Healthcare by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company's stock valued at $134,405,000 after purchasing an additional 10,030 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Trading Up 2.0 %

Shares of NYSE:MOH traded up $5.84 during mid-day trading on Friday, reaching $303.02. The stock had a trading volume of 514,851 shares, compared to its average volume of 550,726. The firm has a market cap of $17.33 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. The firm has a 50 day simple moving average of $310.46 and a two-hundred day simple moving average of $319.61. 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.

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

Analysts Set New Price Targets

MOH has been the subject of a number of research reports. Barclays raised their target price on Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Robert W. Baird lowered their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Cantor Fitzgerald reissued an "overweight" rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Wells Fargo & Company boosted their price objective 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. 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 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $367.17.

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.