Arvest Investments Inc. Increases Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Arvest Investments Inc. grew its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 15.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,664 shares of the company’s stock after buying an additional 352 shares during the quarter. Arvest Investments Inc.’s holdings in Molina Healthcare were worth $918,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MOH. Swedbank AB purchased a new stake in Molina Healthcare in the first quarter worth $69,320,000. Jupiter Asset Management Ltd. lifted its position in shares of Molina Healthcare by 434.6% in the 2nd 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 period. AQR Capital Management LLC boosted its stake in shares of Molina Healthcare by 36.2% during the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after purchasing an additional 123,121 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Molina Healthcare by 13.3% during the second 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 during the period. Finally, Boston Partners raised its stake in Molina Healthcare by 14.8% in the first quarter. Boston Partners now owns 798,950 shares of the company’s stock worth $328,101,000 after buying an additional 103,245 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on MOH shares. Deutsche Bank Aktiengesellschaft cut their price objective 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. Barclays upped their price target 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. Jefferies Financial Group lowered their price objective 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. TD Cowen dropped their target price on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Wells Fargo & Company increased their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.17.

Molina Healthcare Stock Down 2.4 %

Molina Healthcare stock traded down $8.04 during trading hours on Friday, hitting $329.65. The stock had a trading volume of 1,009,526 shares, compared to its average volume of 969,300. The stock’s 50-day moving average price is $330.97 and its 200-day moving average price is $326.97. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $18.86 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.12 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The company had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the previous year, the business earned $5.05 EPS. Equities research analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the transaction, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

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.