Molina Healthcare, Inc. (NYSE:MOH) Position Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 3.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,509 shares of the company’s stock after acquiring an additional 72 shares during the period. Janney Montgomery Scott LLC’s holdings in Molina Healthcare were worth $865,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Custom Index Systems LLC grew its holdings in shares of Molina Healthcare by 5.0% in the 2nd quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock worth $205,000 after acquiring an additional 33 shares during the last quarter. AlphaMark Advisors LLC increased its stake in Molina Healthcare by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company’s stock worth $1,053,000 after purchasing an additional 40 shares in the last quarter. Oliver Luxxe Assets LLC raised its holdings in Molina Healthcare by 1.3% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company’s stock worth $1,526,000 after buying an additional 55 shares during the period. Arizona State Retirement System lifted its stake in Molina Healthcare by 0.4% during the second quarter. Arizona State Retirement System now owns 16,092 shares of the company’s stock valued at $4,784,000 after buying an additional 57 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Molina Healthcare by 1.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,942 shares of the company’s stock valued at $2,047,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Down 3.8 %

Shares of Molina Healthcare stock opened at $294.34 on Friday. The stock has a 50-day simple moving average of $328.20 and a 200-day simple moving average of $325.63. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.06 and a beta of 0.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same period in the previous year, the company earned $5.05 earnings per share. The company’s revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts expect that Molina Healthcare, Inc. will post 23.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MOH. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. Wells Fargo & Company boosted 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. Barclays raised their target price 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. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group decreased their price objective on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, Molina Healthcare has a consensus rating of “Moderate Buy” and a consensus price target of $367.17.

About Molina Healthcare

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.