Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP grew its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 57.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,620 shares of the company’s stock after buying an additional 1,320 shares during the quarter. GSA Capital Partners LLP’s holdings in Molina Healthcare were worth $1,247,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Entropy Technologies LP bought a new position in Molina Healthcare during the 3rd quarter valued at $1,001,000. WCM Investment Management LLC raised its stake in shares of Molina Healthcare by 3.4% in the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after purchasing an additional 36 shares in the last quarter. Arvest Investments Inc. lifted its position in shares of Molina Healthcare by 15.2% during the third quarter. Arvest Investments Inc. now owns 2,664 shares of the company’s stock worth $918,000 after purchasing an additional 352 shares during the last quarter. Legacy Capital Wealth Partners LLC grew its stake in Molina Healthcare by 98.0% in the third quarter. Legacy Capital Wealth Partners LLC now owns 2,515 shares of the company’s stock worth $867,000 after purchasing an additional 1,245 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Molina Healthcare by 25.8% in the third quarter. Covestor Ltd now owns 541 shares of the company’s stock valued at $186,000 after buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Robert W. Baird cut their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. Jefferies Financial Group dropped their price target on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company upped their price target on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $367.17.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $305.87 on Friday. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The business’s fifty day moving average price is $329.37 and its two-hundred day moving average price is $326.23. The firm has a market capitalization of $17.50 billion, a PE ratio of 15.54, a P/E/G ratio of 1.10 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 27.88% and a net margin of 2.92%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the company earned $5.05 earnings per share. On average, research analysts expect that Molina Healthcare, Inc. will post 23.45 EPS for the current year.

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.