Natixis Advisors LLC Increases Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Natixis Advisors LLC increased its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 6.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 28,047 shares of the company’s stock after buying an additional 1,757 shares during the quarter. Natixis Advisors LLC’s holdings in Molina Healthcare were worth $9,664,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. CWM LLC increased its stake in Molina Healthcare by 76.2% in the 3rd quarter. CWM LLC now owns 4,001 shares of the company’s stock valued at $1,379,000 after buying an additional 1,730 shares during the period. Cetera Investment Advisers boosted its position in Molina Healthcare by 516.4% during the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock worth $4,206,000 after purchasing an additional 8,577 shares in the last quarter. Swedbank AB acquired a new position in Molina Healthcare during the first quarter worth about $69,320,000. BDF Gestion purchased a new position in shares of Molina Healthcare during the 2nd quarter worth approximately $1,591,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Molina Healthcare by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company’s stock valued at $50,421,000 after acquiring an additional 1,778 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Stock Up 0.5 %

Molina Healthcare stock opened at $296.07 on Friday. The firm has a market capitalization of $16.94 billion, a P/E ratio of 15.04, a P/E/G ratio of 0.97 and a beta of 0.59. The company has a 50-day simple moving average of $325.57 and a 200-day simple moving average of $324.59. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH) last announced its quarterly 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 company had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. Molina Healthcare’s revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the business earned $5.05 earnings per share. As a group, equities analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Stephens reaffirmed an “equal weight” rating and issued a $320.00 target price on shares of Molina Healthcare in a research note on Thursday, July 25th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird decreased their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $367.17.

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.