Sumitomo Mitsui Trust Group Inc. Increases Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 146,335 shares of the company’s stock after acquiring an additional 1,778 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Molina Healthcare were worth $50,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors increased its stake in shares of Molina Healthcare by 0.9% in the 1st quarter. Capital International Investors now owns 1,665,801 shares of the company’s stock worth $684,361,000 after acquiring an additional 15,264 shares during the last quarter. Renaissance Technologies LLC grew its position in 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 acquiring an additional 111,154 shares in the last quarter. Boston Partners grew its position in Molina Healthcare by 14.8% in the 1st quarter. Boston Partners now owns 798,950 shares of the company’s stock valued at $328,101,000 after acquiring an additional 103,245 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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, AQR Capital Management LLC boosted its stake in shares of Molina Healthcare by 36.2% in the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after buying an additional 123,121 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

MOH has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut 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. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Barclays upped their price objective on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Wells Fargo & Company upped their price objective on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Robert W. Baird dropped their price target 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $367.17.

Molina Healthcare Stock Down 3.8 %

MOH opened at $294.34 on Friday. Molina Healthcare, Inc. has a one year low of $272.69 and a one year 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 stock’s fifty day moving average is $328.20 and its 200-day moving average is $325.75. The company 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.

Molina Healthcare (NYSE:MOH) last issued 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. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter in the previous year, the company posted $5.05 earnings per share. Molina Healthcare’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities analysts predict that Molina Healthcare, Inc. will post 23.45 EPS for the current fiscal year.

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.