Tributary Capital Management LLC Boosts Position in Molina Healthcare, Inc. (NYSE:MOH)

Tributary Capital Management LLC raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 76.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,190 shares of the company’s stock after acquiring an additional 1,811 shares during the period. Tributary Capital Management LLC’s holdings in Molina Healthcare were worth $1,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MOH. Public Sector Pension Investment Board grew its position in shares of Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after buying an additional 300 shares during the last quarter. CWM LLC boosted its stake in Molina Healthcare by 76.2% in the third quarter. CWM LLC now owns 4,001 shares of the company’s stock valued at $1,379,000 after acquiring an additional 1,730 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Molina Healthcare during the fourth quarter worth about $544,000. Oddo BHF Asset Management Sas acquired a new stake in shares of Molina Healthcare during the third quarter worth about $2,947,000. Finally, Tri Ri Asset Management Corp purchased a new stake in shares of Molina Healthcare in the 3rd quarter valued at about $3,722,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

MOH has been the topic of a number of research reports. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Wells Fargo & Company upped their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Barclays raised their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Robert W. Baird dropped their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $359.18.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $304.03 on Friday. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92. The company has a 50-day moving average price of $295.63 and a 200 day moving average price of $316.99. The company has a market cap of $17.39 billion, a P/E ratio of 15.44, a PEG ratio of 0.94 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53.

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

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.