Atria Investments Inc Sells 106 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Atria Investments Inc lowered its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 13.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 662 shares of the company’s stock after selling 106 shares during the period. Atria Investments Inc’s holdings in Molina Healthcare were worth $228,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MOH. Swedbank AB purchased a new stake in Molina Healthcare in the first quarter valued at approximately $69,320,000. Jupiter Asset Management Ltd. increased its holdings in shares of Molina Healthcare by 434.6% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company’s stock worth $55,181,000 after buying an additional 150,890 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Molina Healthcare by 36.2% during the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after buying an additional 123,121 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Molina Healthcare by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock worth $282,343,000 after acquiring an additional 111,154 shares during the last quarter. Finally, Boston Partners grew its position in Molina Healthcare by 14.8% in the first quarter. Boston Partners now owns 798,950 shares of the company’s stock worth $328,101,000 after acquiring an additional 103,245 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Down 1.8 %

Shares of MOH opened at $290.79 on Friday. The stock has a market capitalization of $16.63 billion, a P/E ratio of 14.77, a PEG ratio of 1.02 and a beta of 0.59. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $323.09 and a two-hundred day simple moving average of $324.03.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. The firm had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.05 earnings per share. On average, research analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MOH shares. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird reduced their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their target price on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research note on Monday, July 29th. Finally, Barclays lifted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.17.

About Molina Healthcare

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.