Russell Investments Group Ltd. increased its position in Molina Healthcare, Inc. (NYSE:MOH) by 116.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 158,537 shares of the company’s stock after purchasing an additional 85,445 shares during the period. Russell Investments Group Ltd.’s holdings in Molina Healthcare were worth $23,494,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Aperio Group LLC grew its stake in Molina Healthcare by 1.6% in the third quarter. Aperio Group LLC now owns 22,234 shares of the company’s stock worth $3,306,000 after purchasing an additional 360 shares during the period. World Asset Management Inc grew its stake in shares of Molina Healthcare by 13.9% in the third quarter. World Asset Management Inc now owns 3,047 shares of the company’s stock worth $453,000 after acquiring an additional 372 shares during the last quarter. Vident Investment Advisory LLC grew its stake in shares of Molina Healthcare by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 38,230 shares of the company’s stock worth $3,744,000 after acquiring an additional 573 shares during the last quarter. First Mercantile Trust Co. grew its stake in shares of Molina Healthcare by 22.5% in the second quarter. First Mercantile Trust Co. now owns 3,442 shares of the company’s stock worth $337,000 after acquiring an additional 632 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Molina Healthcare by 5.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $1,254,000 after acquiring an additional 700 shares during the last quarter.
A number of equities research analysts have recently commented on the company. Piper Jaffray Companies increased their target price on Molina Healthcare to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 26th. Morgan Stanley increased their target price on Molina Healthcare from $178.00 to $184.00 and gave the stock an “overweight” rating in a research note on Thursday, October 18th. Zacks Investment Research cut Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Evercore ISI assumed coverage on Molina Healthcare in a research note on Tuesday, October 9th. They issued an “in-line” rating and a $158.00 target price on the stock. Finally, Jefferies Financial Group cut Molina Healthcare from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Friday, October 12th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $130.62.
NYSE MOH opened at $124.72 on Tuesday. The firm has a market capitalization of $7.60 billion, a PE ratio of 222.71, a P/E/G ratio of 1.33 and a beta of 1.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.40 and a current ratio of 1.40. Molina Healthcare, Inc. has a 12 month low of $71.07 and a 12 month high of $154.06.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.90. The firm had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.72 billion. Molina Healthcare had a return on equity of 30.50% and a net margin of 1.27%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company posted ($1.62) earnings per share. As a group, equities analysts anticipate that Molina Healthcare, Inc. will post 7.1 earnings per share for the current year.
In other news, Director Ronna Romney sold 200 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $138.11, for a total transaction of $27,622.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Norman Nichols sold 4,501 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $127.00, for a total value of $571,627.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,717 shares of company stock worth $1,289,932. Corporate insiders own 0.65% of the company’s stock.
About Molina Healthcare
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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