Everence Capital Management Inc. Makes New Investment in Molina Healthcare, Inc. (NYSE:MOH)

Everence Capital Management Inc. bought a new stake in Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,870 shares of the company’s stock, valued at approximately $544,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MOH. Jupiter Asset Management Ltd. boosted its holdings in Molina Healthcare by 434.6% in the second quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company’s stock valued at $55,181,000 after acquiring an additional 150,890 shares during the last quarter. AQR Capital Management LLC lifted its position in Molina Healthcare by 36.2% during the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after purchasing an additional 123,121 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Molina Healthcare by 13.3% in the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock valued at $282,343,000 after purchasing an additional 111,154 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Molina Healthcare by 22.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock worth $140,026,000 after buying an additional 84,929 shares during the period. Finally, Candriam S.C.A. raised its stake in shares of Molina Healthcare by 1,565.1% during the second quarter. Candriam S.C.A. now owns 71,285 shares of the company’s stock worth $21,192,000 after buying an additional 67,004 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of MOH opened at $294.49 on Friday. The firm has a market cap of $16.84 billion, a P/E ratio of 14.96, a PEG ratio of 1.04 and a beta of 0.54. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month 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. The firm’s 50 day moving average price is $303.77 and its two-hundred day moving average price is $317.61.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping 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 analyst estimates of $9.92 billion. During the same period in the prior year, the business earned $5.05 EPS. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MOH has been the topic of a number of recent research reports. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Barclays lifted their price objective on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 price objective (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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $361.91.

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.