Swiss National Bank Grows Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Swiss National Bank increased its stake in Molina Healthcare, Inc. (NYSE:MOH) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,900 shares of the company’s stock after buying an additional 500 shares during the period. Swiss National Bank owned 0.30% of Molina Healthcare worth $59,919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOH. AM Squared Ltd grew its stake in Molina Healthcare by 50.0% in the 3rd quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after acquiring an additional 100 shares in the last quarter. Natixis Advisors LLC grew its stake in Molina Healthcare by 6.7% in the third quarter. Natixis Advisors LLC now owns 28,047 shares of the company’s stock worth $9,664,000 after purchasing an additional 1,757 shares in the last quarter. Empirical Finance LLC increased its holdings in Molina Healthcare by 2.9% during the 3rd quarter. Empirical Finance LLC now owns 3,011 shares of the company’s stock worth $1,037,000 after purchasing an additional 85 shares during the period. Royce & Associates LP raised its position in Molina Healthcare by 0.9% during the 3rd quarter. Royce & Associates LP now owns 30,867 shares of the company’s stock valued at $10,636,000 after purchasing an additional 278 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Molina Healthcare by 8.3% in the 3rd quarter. CIBC Asset Management Inc now owns 8,537 shares of the company’s stock worth $2,942,000 after buying an additional 652 shares during the period. Institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

MOH has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. TD Cowen lowered their target price on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Molina Healthcare presently has a consensus rating of “Moderate Buy” and an average price target of $367.17.

Molina Healthcare Stock Down 3.3 %

NYSE:MOH opened at $282.50 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The company has a market cap of $16.16 billion, a PE ratio of 14.35, a P/E/G ratio of 1.01 and a beta of 0.59. The company’s 50 day moving average is $326.57 and its two-hundred day moving average is $324.80.

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

Molina Healthcare Company 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.