Virtu Financial LLC Makes New Investment in Molina Healthcare, Inc. (NYSE:MOH)

Virtu Financial LLC acquired a new stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,126 shares of the company's stock, valued at approximately $2,111,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Advisors LLC bought a new position in Molina Healthcare during the 1st quarter valued at approximately $339,000. Assenagon Asset Management S.A. raised its holdings in shares of Molina Healthcare by 72.3% during the second quarter. Assenagon Asset Management S.A. now owns 25,738 shares of the company's stock valued at $7,652,000 after acquiring an additional 10,799 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of Molina Healthcare during the second quarter valued at approximately $2,491,000. Lecap Asset Management Ltd. bought a new stake in Molina Healthcare in the second quarter valued at $4,009,000. Finally, Retirement Systems of Alabama increased its position in Molina Healthcare by 1.0% during the 2nd quarter. Retirement Systems of Alabama now owns 12,926 shares of the company's stock valued at $3,843,000 after purchasing an additional 123 shares during the period. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Up 2.0 %

Shares of Molina Healthcare stock traded up $5.83 on Friday, reaching $303.01. The company's stock had a trading volume of 520,323 shares, compared to its average volume of 550,756. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92. The firm's fifty day simple moving average is $309.90 and its two-hundred day simple moving average is $319.40. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.03 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented 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 research report on Monday, November 4th. StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Barclays upped their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Robert W. Baird lowered their target price on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $367.17.

About Molina Healthcare

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.