Molina Healthcare, Inc. (NYSE:MOH) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,900 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Swiss National Bank’s holdings in Molina Healthcare were worth $59,919,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MOH. AM Squared Ltd grew its position in Molina Healthcare by 50.0% during the 3rd quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after purchasing an additional 100 shares during the period. Natixis Advisors LLC boosted its stake in shares of Molina Healthcare by 6.7% in the third quarter. Natixis Advisors LLC now owns 28,047 shares of the company’s stock worth $9,664,000 after buying an additional 1,757 shares during the last quarter. Empirical Finance LLC grew its holdings in Molina Healthcare by 2.9% during the third quarter. Empirical Finance LLC now owns 3,011 shares of the company’s stock worth $1,037,000 after acquiring an additional 85 shares during the period. Royce & Associates LP raised its position in Molina Healthcare by 0.9% during the third quarter. Royce & Associates LP now owns 30,867 shares of the company’s stock valued at $10,636,000 after acquiring an additional 278 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Molina Healthcare by 8.3% in the third quarter. CIBC Asset Management Inc now owns 8,537 shares of the company’s stock valued at $2,942,000 after acquiring an additional 652 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

NYSE MOH opened at $282.50 on Wednesday. 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 stock’s 50 day simple moving average is $326.57 and its 200-day simple moving average is $324.80. The company has a market cap of $16.16 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.01 and a beta of 0.59. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MOH shares. Stephens reaffirmed an “equal weight” rating and set a $320.00 price objective on shares of Molina Healthcare in a research note on Thursday, July 25th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. Barclays lifted their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Jefferies Financial Group lowered their target price on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Finally, StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.