Wedge Capital Management L L P NC Grows Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Wedge Capital Management L L P NC grew its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,505 shares of the company's stock after buying an additional 4,683 shares during the period. Wedge Capital Management L L P NC owned approximately 0.17% of Molina Healthcare worth $28,379,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC raised its position in Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc raised its holdings in Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after buying an additional 74 shares during the period. Capital Performance Advisors LLP purchased a new stake in Molina Healthcare during the 3rd quarter valued at $62,000. 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 period. Finally, AM Squared Ltd increased its position in Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company's stock valued at $103,000 after acquiring an additional 100 shares during the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Stock Up 1.3 %

Shares of NYSE:MOH traded up $3.76 during trading hours on Friday, hitting $286.36. The company's stock had a trading volume of 838,441 shares, compared to its average volume of 426,981. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The firm's fifty day moving average price is $296.84 and its 200 day moving average price is $316.98. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92. The company has a market capitalization of $16.38 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 0.89 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its 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 during 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%. Molina Healthcare's revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.05 earnings per share. As a group, research analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on MOH. Wells Fargo & Company lifted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Barclays boosted their target price on Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Robert W. Baird reduced their price target on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a 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, Cantor Fitzgerald reiterated an "overweight" rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $359.18.

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.