Jacobs Levy Equity Management Inc. lowered its position in Molina Healthcare, Inc. (NYSE:MOH) by 32.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 97,965 shares of the company’s stock after selling 48,110 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.16% of Molina Healthcare worth $13,907,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. TCW Group Inc. boosted its stake in shares of Molina Healthcare by 8.8% during the first quarter. TCW Group Inc. now owns 635,639 shares of the company’s stock valued at $90,235,000 after purchasing an additional 51,384 shares in the last quarter. Hancock Whitney Corp acquired a new stake in Molina Healthcare in the first quarter valued at approximately $5,153,000. Neuberger Berman Group LLC boosted its stake in Molina Healthcare by 1.0% in the first quarter. Neuberger Berman Group LLC now owns 247,342 shares of the company’s stock valued at $35,101,000 after acquiring an additional 2,563 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Molina Healthcare by 1.2% in the first quarter. Principal Financial Group Inc. now owns 289,233 shares of the company’s stock valued at $41,060,000 after acquiring an additional 3,341 shares in the last quarter. Finally, AlphaCrest Capital Management LLC acquired a new stake in Molina Healthcare in the first quarter valued at approximately $882,000.
Several equities research analysts have weighed in on MOH shares. BMO Capital Markets upgraded shares of Molina Healthcare from a “market perform” rating to an “outperform” rating and raised their target price for the company from $154.00 to $200.00 in a research note on Monday, June 3rd. Barclays reiterated a “hold” rating and set a $140.00 price objective on shares of Molina Healthcare in a research note on Sunday, May 5th. Bank of America reiterated an “underperform” rating and set a $132.00 price objective (up from $129.00) on shares of Molina Healthcare in a research note on Tuesday, April 30th. Finally, Wells Fargo & Co raised shares of Molina Healthcare from a “market perform” rating to an “outperform” rating and set a $177.00 target price for the company in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Molina Healthcare currently has a consensus rating of “Buy” and an average price target of $160.92.
Shares of MOH stock traded up $1.04 on Friday, reaching $143.57. 390,704 shares of the company were exchanged, compared to its average volume of 560,875. The company has a market cap of $8.99 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The firm has a 50-day moving average of $142.49. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.57 and a current ratio of 1.57. Molina Healthcare, Inc. has a 1 year low of $99.10 and a 1 year high of $159.00.
Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Monday, April 29th. The company reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.63. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.07 billion. Molina Healthcare had a net margin of 4.35% and a return on equity of 49.21%. Molina Healthcare’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. Analysts anticipate that Molina Healthcare, Inc. will post 10.93 EPS for the current year.
Molina Healthcare Profile
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
Further Reading: How are Outstanding Shares Different from Authorized Shares?
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