Verition Fund Management LLC Has $5.19 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

Verition Fund Management LLC lifted its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 626.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,068 shares of the company's stock after acquiring an additional 12,994 shares during the period. Verition Fund Management LLC's holdings in Molina Healthcare were worth $5,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MOH. Jupiter Asset Management Ltd. increased its position in shares of Molina Healthcare by 434.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company's stock valued at $55,181,000 after purchasing an additional 150,890 shares during the period. AQR Capital Management LLC lifted its holdings in Molina Healthcare by 36.2% in the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company's stock valued at $137,810,000 after acquiring an additional 123,121 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Molina Healthcare by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company's stock valued at $282,343,000 after purchasing an additional 111,154 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Molina Healthcare by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company's stock worth $140,026,000 after purchasing an additional 84,929 shares during the last quarter. Finally, Candriam S.C.A. raised its holdings in shares of Molina Healthcare by 1,565.1% in the 2nd quarter. Candriam S.C.A. now owns 71,285 shares of the company's stock worth $21,192,000 after purchasing an additional 67,004 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Up 3.3 %

Shares of NYSE MOH traded up $9.90 during trading hours on Tuesday, hitting $311.77. The stock had a trading volume of 896,517 shares, compared to its average volume of 547,276. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92. The firm's 50-day moving average price is $316.48 and its two-hundred day moving average price is $321.52. 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 has a market capitalization of $17.83 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share 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 business had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same period last year, the business earned $5.05 EPS. The firm's revenue was up 21.0% compared to the same quarter last year. Analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Robert W. Baird cut 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 reiterated an "overweight" rating and issued a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Finally, Barclays upped their price target 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. One research 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, Molina Healthcare 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.