328 Shares in Molina Healthcare, Inc. (NYSE:MOH) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 328 shares of the company’s stock, valued at approximately $113,000.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MOH. Barclays lifted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Robert W. Baird decreased their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company increased their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $363.42.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $293.52 on Friday. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The company has a market cap of $16.79 billion, a PE ratio of 14.91, a P/E/G ratio of 1.03 and a beta of 0.54. 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 business has a 50-day simple moving average of $307.34 and a two-hundred day simple moving average of $318.83.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS 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 company had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same period last year, the business earned $5.05 EPS. Molina Healthcare’s revenue for the quarter was up 21.0% on a year-over-year basis. As a group, equities analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

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.