Empirical Finance LLC Has $1.04 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Empirical Finance LLC grew its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 2.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,011 shares of the company’s stock after purchasing an additional 85 shares during the quarter. Empirical Finance LLC’s holdings in Molina Healthcare were worth $1,037,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MOH. Custom Index Systems LLC grew its stake in shares of Molina Healthcare by 5.0% during the second quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock worth $205,000 after buying an additional 33 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock worth $369,000 after acquiring an additional 36 shares during the period. Metis Global Partners LLC lifted its position in shares of Molina Healthcare by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock worth $960,000 after purchasing an additional 39 shares during the period. AlphaMark Advisors LLC lifted its holdings in Molina Healthcare by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company’s stock valued at $1,053,000 after buying an additional 40 shares during the period. Finally, Oliver Luxxe Assets LLC grew 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 acquiring an additional 55 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Down 3.8 %

Shares of NYSE MOH opened at $294.34 on Friday. The business’s fifty day moving average price is $328.20 and its 200-day moving average price is $325.63. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. The stock has a market capitalization of $16.84 billion, a PE 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 released its quarterly earnings data 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 return on equity of 27.88% and a net margin of 2.92%. The company had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same period in the previous year, the company posted $5.05 EPS. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities research analysts anticipate that Molina Healthcare, Inc. will post 23.45 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on MOH shares. 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 note on Friday, October 25th. TD Cowen cut their price target on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Jefferies Financial Group lowered their price target 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. Stephens reaffirmed an “equal weight” rating and set a $320.00 price objective on shares of Molina Healthcare in a report on Thursday, July 25th. Finally, Wells Fargo & Company increased their target price 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 analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Molina Healthcare currently has a consensus rating of “Moderate Buy” and an average price target of $367.17.

Molina Healthcare 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.