1,185 Shares in Molina Healthcare, Inc. (NYSE:MOH) Purchased by J2 Capital Management Inc

J2 Capital Management Inc bought a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,185 shares of the company’s stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MOH. Public Sector Pension Investment Board grew its position in shares of Molina Healthcare by 13.5% in the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after purchasing an additional 300 shares during the last quarter. CWM LLC lifted 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 in the last quarter. Everence Capital Management Inc. acquired a new stake in Molina Healthcare during the 4th quarter valued at $544,000. Oddo BHF Asset Management Sas purchased a new position in Molina Healthcare during the third quarter worth $2,947,000. Finally, Tri Ri Asset Management Corp acquired a new position in shares of Molina Healthcare in the third quarter worth $3,722,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock opened at $286.36 on Friday. The business’s fifty day moving average price is $296.84 and its 200 day moving average price is $316.98. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $16.38 billion, a P/E ratio of 14.54, a PEG ratio of 0.89 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. The firm had revenue of $10.34 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $5.05 earnings per share. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Analyst Ratings Changes

MOH has been the topic of a number of analyst reports. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Robert W. Baird reduced their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Barclays lifted their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $359.18.

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.