Perpetual Ltd bought a new stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,427 shares of the company's stock, valued at approximately $706,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Ensign Peak Advisors Inc grew its position in shares of Molina Healthcare by 7.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,741 shares of the company's stock worth $10,626,000 after purchasing an additional 2,615 shares in the last quarter. ProShare Advisors LLC grew its position in Molina Healthcare by 7.2% during the second quarter. ProShare Advisors LLC now owns 11,097 shares of the company's stock worth $3,299,000 after buying an additional 745 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Molina Healthcare by 76.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,227 shares of the company's stock worth $662,000 after acquiring an additional 967 shares during the period. Xponance Inc. raised its holdings in Molina Healthcare by 2.8% in the 2nd quarter. Xponance Inc. now owns 12,236 shares of the company's stock valued at $3,638,000 after acquiring an additional 337 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Molina Healthcare during the 2nd quarter valued at $416,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently commented on MOH shares. Barclays boosted their price target on Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Wells Fargo & Company increased their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Robert W. Baird lowered their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $359.18.
Get Our Latest Analysis on Molina Healthcare
Shares of NYSE:MOH opened at $302.63 on Thursday. The firm has a market cap of $17.31 billion, a P/E ratio of 15.37, a P/E/G ratio of 0.89 and a beta of 0.54. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92. The business has a fifty day simple moving average of $295.43 and a 200 day simple moving average of $316.99. 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 - Get Free Report) last announced its 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. The business had revenue of $10.34 billion for the quarter, compared to analysts' expectations of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The firm's revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business posted $5.05 earnings per share. Analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.
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.
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