R Squared Ltd Invests $114,000 in Molina Healthcare, Inc. (NYSE:MOH)

R Squared Ltd acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 390 shares of the company’s stock, valued at approximately $114,000.

Other institutional investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its position in shares of Molina Healthcare by 76.7% during the second quarter. Public Sector Pension Investment Board now owns 2,227 shares of the company’s stock valued at $662,000 after buying an additional 967 shares during the period. Marshall Wace LLP bought a new stake in Molina Healthcare during the 2nd quarter worth approximately $416,000. Mackenzie Financial Corp lifted its stake in Molina Healthcare by 22.1% in the 2nd quarter. Mackenzie Financial Corp now owns 7,641 shares of the company’s stock worth $2,272,000 after purchasing an additional 1,384 shares in the last quarter. Algert Global LLC bought a new position in Molina Healthcare in the 2nd quarter valued at $211,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Molina Healthcare during the 2nd quarter valued at $1,077,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 3.0 %

Shares of NYSE:MOH opened at $313.26 on Friday. 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 stock’s 50-day moving average price is $297.05 and its 200-day moving average price is $317.54. The stock has a market capitalization of $17.92 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54.

Analysts Set New Price Targets

Several equities analysts recently commented on MOH shares. Barclays boosted their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their price objective 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. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $359.18.

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.