Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,834 shares of the company's stock after purchasing an additional 5,751 shares during the quarter. Victory Capital Management Inc. owned approximately 0.17% of Molina Healthcare worth $32,676,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MOH. Innealta Capital LLC purchased a new stake in Molina Healthcare during the 2nd quarter valued at about $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Molina Healthcare in the second quarter valued at approximately $40,000. AM Squared Ltd acquired a new stake in shares of Molina Healthcare in the second quarter valued at approximately $59,000. Capital Performance Advisors LLP purchased a new position in Molina Healthcare during the third quarter worth approximately $62,000. Finally, UMB Bank n.a. boosted its stake in Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Down 3.8 %

MOH traded down $11.66 during trading hours on Friday, hitting $294.34. 712,051 shares of the company's stock were exchanged, compared to its average volume of 959,482. The firm has a market cap of $16.84 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.01 and a beta of 0.59. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month 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 firm has a 50 day moving average of $328.20 and a 200 day moving average of $325.63.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data 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. 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 analyst estimates of $9.92 billion. During the same quarter in the prior year, the company earned $5.05 earnings per share. The company's revenue was up 21.0% on a year-over-year basis. Analysts predict that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MOH. Barclays raised their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Molina Healthcare from $354.00 to $353.00 and set a "hold" rating on the stock in a research note on Monday, July 29th. Robert W. Baird dropped their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. TD Cowen reduced their price target on shares of Molina Healthcare from $412.00 to $351.00 and set a "buy" rating on the stock in a research report on Wednesday, July 24th. Finally, Stephens reiterated an "equal weight" rating and issued a $320.00 price objective on shares of Molina Healthcare in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Molina Healthcare has an average rating of "Moderate Buy" and an average 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.