1,870 Shares in Molina Healthcare, Inc. (NYSE:MOH) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,870 shares of the company’s stock, valued at approximately $544,000.

Several other institutional investors also recently added to or reduced their stakes in MOH. State Street Corp raised its stake in Molina Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock valued at $900,787,000 after purchasing an additional 13,001 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Molina Healthcare by 13.3% in the second quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock valued at $282,343,000 after buying an additional 111,154 shares during the period. Dimensional Fund Advisors LP grew its position in Molina Healthcare by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock worth $140,026,000 after buying an additional 84,929 shares in the last quarter. AQR Capital Management LLC grew its position in 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 buying an additional 123,121 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Molina Healthcare by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock valued at $134,405,000 after acquiring an additional 10,030 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Up 2.5 %

Shares of MOH opened at $294.49 on Friday. The company has a market capitalization of $16.84 billion, a P/E ratio of 14.96, a PEG ratio of 1.04 and a beta of 0.54. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. The business’s 50 day simple moving average is $303.77 and its 200-day simple moving average is $317.61. 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 posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm earned $5.05 earnings per share. The business’s revenue was up 21.0% on a year-over-year basis. As a group, sell-side analysts predict that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MOH. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Barclays increased their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Wells Fargo & Company upped their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Robert W. Baird cut their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $361.91.

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.