Intech Investment Management LLC lifted its stake in shares of Molina Healthcare, Inc. (NYSE:MOH – Free Report) 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.
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.
Get Our Latest Research Report on Molina Healthcare
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.
Recommended Stories
- Five stocks we like better than Molina Healthcare
- How to Find Undervalued Stocks
- Tesla Investors Continue to Profit From the Trump Trade
- What is a Stock Market Index and How Do You Use Them?
- MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally
- What is an Earnings Surprise?
- Netflix Ventures Into Live Sports, Driving Stock Momentum
Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare, Inc. (NYSE:MOH – Free Report).
Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.