Meeder Asset Management Inc. increased its holdings in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 449.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,775 shares of the company's stock after acquiring an additional 14,539 shares during the quarter. Meeder Asset Management Inc.'s holdings in Molina Healthcare were worth $5,855,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Rothschild Investment LLC increased its position in Molina Healthcare by 126.3% during the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after acquiring an additional 48 shares during the period. Colonial Trust Co SC increased its holdings in Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company's stock valued at $30,000 after buying an additional 93 shares during the period. Deseret Mutual Benefit Administrators increased its holdings in Molina Healthcare by 60.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock valued at $30,000 after buying an additional 34 shares during the period. Silver Oak Securities Incorporated bought a new position in Molina Healthcare in the 1st quarter valued at about $34,000. Finally, Hurley Capital LLC bought a new position in Molina Healthcare in the 4th quarter valued at about $55,000. 98.50% of the stock is owned by institutional investors.
Molina Healthcare Stock Down 2.0%
MOH stock traded down $3.11 during midday trading on Friday, reaching $154.76. 969,085 shares of the company's stock traded hands, compared to its average volume of 935,033. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 7.63, a P/E/G ratio of 4.50 and a beta of 0.55. The firm's fifty day moving average price is $254.62 and its 200-day moving average price is $292.51. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. Molina Healthcare, Inc has a 52 week low of $153.54 and a 52 week high of $365.23.
Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing analysts' consensus estimates of $5.50 by ($0.02). The company had revenue of $11.43 billion during the quarter, compared to analysts' expectations of $10.94 billion. Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%. Molina Healthcare's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the firm posted $5.86 earnings per share. As a group, sell-side analysts forecast that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
MOH has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of Molina Healthcare from $372.00 to $216.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Baird R W lowered shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Mizuho decreased their price target on shares of Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating on the stock in a report on Friday, July 11th. Robert W. Baird decreased their price target on shares of Molina Healthcare from $373.00 to $179.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. Finally, Barclays decreased their price target on shares of Molina Healthcare from $270.00 to $186.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Molina Healthcare currently has a consensus rating of "Hold" and an average target price of $244.55.
Read Our Latest Research Report on Molina Healthcare
About Molina Healthcare
(
Free Report)
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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