Victory Capital Management Inc. Grows Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Victory Capital Management Inc. raised its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 6.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 94,834 shares of the company’s stock after purchasing an additional 5,751 shares during the period. Victory Capital Management Inc.’s holdings in Molina Healthcare were worth $32,676,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Swedbank AB bought a new position in Molina Healthcare in the 1st quarter worth $69,320,000. Jupiter Asset Management Ltd. boosted its stake in shares of Molina Healthcare by 434.6% in the second quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company’s stock worth $55,181,000 after acquiring an additional 150,890 shares during the period. AQR Capital Management LLC grew its position in shares of Molina Healthcare by 36.2% during the second quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock worth $137,810,000 after purchasing an additional 123,121 shares in the last quarter. Renaissance Technologies LLC raised its stake in 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 during the period. Finally, Boston Partners lifted its holdings in Molina Healthcare by 14.8% in the 1st quarter. Boston Partners now owns 798,950 shares of the company’s stock worth $328,101,000 after purchasing an additional 103,245 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MOH shares. TD Cowen reduced their price objective 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. Wells Fargo & Company lifted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Jefferies Financial Group dropped their price objective on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Stephens reissued an “equal weight” rating and set a $320.00 price target on shares of Molina Healthcare in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $367.17.

Molina Healthcare Trading Down 3.8 %

Shares of MOH stock opened at $294.34 on Friday. The company has a market cap of $16.84 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.06 and a beta of 0.59. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. The stock’s 50 day simple moving average is $328.20 and its two-hundred day simple moving average is $325.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55.

Molina Healthcare (NYSE:MOH) 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. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company 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 firm posted $5.05 EPS. Molina Healthcare’s quarterly revenue was up 21.0% compared to the same quarter last year. Research analysts predict that Molina Healthcare, Inc. will post 23.45 earnings per share for the current year.

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.