Intech Investment Management LLC Has $5.83 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Intech Investment Management LLC lifted its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 14.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,924 shares of the company’s stock after purchasing an additional 2,097 shares during the quarter. Intech Investment Management LLC’s holdings in Molina Healthcare were worth $5,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOH. Innealta Capital LLC acquired a new position in shares of Molina Healthcare in the second quarter valued at approximately $36,000. Ashton Thomas Private Wealth LLC bought a new stake in Molina Healthcare in the second quarter worth approximately $40,000. AM Squared Ltd acquired a new position in shares of Molina Healthcare during the 2nd quarter valued at $59,000. Capital Performance Advisors LLP acquired a new position in shares of Molina Healthcare during the third quarter valued at about $62,000. Finally, UMB Bank n.a. raised its stake in Molina Healthcare by 96.2% during the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after buying an additional 101 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Down 1.8 %

Shares of NYSE:MOH opened at $290.79 on Friday. The firm has a fifty day moving average of $324.43 and a 200 day moving average of $324.40. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The firm has a market capitalization of $16.63 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 0.97 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.96 by $0.05. The business had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. Molina Healthcare’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.05 earnings per share. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on MOH shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Robert W. Baird cut 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 reissued an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Barclays boosted their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.