Molina Healthcare, Inc. (NYSE:MOH) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,509 shares of the company’s stock after buying an additional 72 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Molina Healthcare were worth $865,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Swedbank AB bought a new stake in shares of Molina Healthcare in the 1st quarter valued at approximately $69,320,000. Jupiter Asset Management Ltd. increased its stake in Molina Healthcare by 434.6% during the second quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company’s stock valued at $55,181,000 after purchasing an additional 150,890 shares during the last quarter. AQR Capital Management LLC raised its holdings 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 during the period. Renaissance Technologies LLC lifted its position in shares of Molina Healthcare by 13.3% in the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock worth $282,343,000 after buying an additional 111,154 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of Molina Healthcare by 14.8% in the 1st quarter. Boston Partners now owns 798,950 shares of the company’s stock valued at $328,101,000 after buying an additional 103,245 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

NYSE MOH opened at $294.34 on Friday. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The firm has a market capitalization of $16.84 billion, a PE ratio of 14.95, a P/E/G ratio of 1.06 and a beta of 0.59. The company’s 50 day simple moving average is $328.20 and its 200 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 issued its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.96 by $0.05. The company 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 firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period last year, the firm earned $5.05 EPS. As a group, equities research analysts forecast that Molina Healthcare, Inc. will post 23.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company increased 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 note on Monday, November 4th. Stephens reissued an “equal weight” rating and issued a $320.00 price target on shares of Molina Healthcare in a report on Thursday, July 25th. Jefferies Financial Group lowered their price objective on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research note on Wednesday, July 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Moderate Buy” and an average target price of $367.17.

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.