Quantbot Technologies LP Has $2.04 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

Quantbot Technologies LP lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 87.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,927 shares of the company’s stock after selling 42,999 shares during the quarter. Quantbot Technologies LP’s holdings in Molina Healthcare were worth $2,042,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MOH. CWM LLC boosted its stake in Molina Healthcare by 76.2% during the third quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after buying an additional 1,730 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Molina Healthcare by 516.4% in the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock valued at $4,206,000 after buying an additional 8,577 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Molina Healthcare by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company’s stock valued at $50,421,000 after buying an additional 1,778 shares during the last quarter. BDF Gestion acquired a new position in shares of Molina Healthcare during the second quarter valued at $1,591,000. Finally, Victory Capital Management Inc. boosted its stake in Molina Healthcare by 38.5% in the second quarter. Victory Capital Management Inc. now owns 89,083 shares of the company’s stock valued at $26,484,000 after acquiring an additional 24,778 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Barclays upped their price target on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Wells Fargo & Company raised 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. Robert W. Baird reduced their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $367.17.

Molina Healthcare Trading Down 0.1 %

Shares of MOH opened at $296.60 on Friday. The stock has a market cap of $16.97 billion, a PE ratio of 15.06, a P/E/G ratio of 1.03 and a beta of 0.59. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The business’s 50-day moving average price is $319.53 and its 200-day moving average price is $322.75. 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 released its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping 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 quarter last year, the business posted $5.05 EPS. The business’s revenue was up 21.0% on a year-over-year basis. On average, equities analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal 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.