Dorsey Wright & Associates acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) during the third quarter, Holdings Channel reports. The institutional investor acquired 13,676 shares of the company’s stock, valued at approximately $2,034,000.
Several other large investors also recently added to or reduced their stakes in MOH. Arrowgrass Capital Partners US LP bought a new position in Molina Healthcare in the 2nd quarter worth about $4,711,000. Rhumbline Advisers increased its stake in Molina Healthcare by 22.4% in the 2nd quarter. Rhumbline Advisers now owns 104,482 shares of the company’s stock worth $10,233,000 after acquiring an additional 19,093 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in Molina Healthcare by 32.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 354,562 shares of the company’s stock worth $34,726,000 after acquiring an additional 87,460 shares during the last quarter. Federated Investors Inc. PA increased its stake in Molina Healthcare by 73.0% in the 2nd quarter. Federated Investors Inc. PA now owns 137,064 shares of the company’s stock worth $13,423,000 after acquiring an additional 57,844 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its stake in Molina Healthcare by 43,291.3% in the 2nd quarter. Glenmede Trust Co. NA now owns 49,900 shares of the company’s stock worth $4,887,000 after acquiring an additional 49,785 shares during the last quarter.
A number of brokerages have weighed in on MOH. Barclays upped their target price on Molina Healthcare from $105.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 2nd. Jefferies Financial Group lowered Molina Healthcare from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Friday. They noted that the move was a valuation call. Bank of America upped their target price on Molina Healthcare from $94.00 to $110.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 1st. SunTrust Banks upped their target price on Molina Healthcare to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, July 10th. Finally, Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $129.31.
Shares of Molina Healthcare stock opened at $139.54 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $9.18 billion, a PE ratio of 249.14, a PEG ratio of 1.45 and a beta of 1.26. Molina Healthcare, Inc. has a 12 month low of $58.66 and a 12 month high of $154.06.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $3.08 EPS for the quarter, beating the consensus estimate of $1.09 by $1.99. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.67 billion. Molina Healthcare had a positive return on equity of 23.01% and a negative net margin of 0.26%. The company’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company earned ($4.01) EPS. Research analysts forecast that Molina Healthcare, Inc. will post 6.68 EPS for the current year.
Molina Healthcare Company Profile
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
Recommended Story: Short Selling
Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare, Inc. (NYSE:MOH).
Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.