Bank of Montreal Can Acquires 3,742 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Bank of Montreal Can lifted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 62,718 shares of the company’s stock after purchasing an additional 3,742 shares during the period. Bank of Montreal Can’s holdings in Molina Healthcare were worth $21,441,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in 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. Dimensional Fund Advisors LP lifted 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 acquiring an additional 84,929 shares during the last quarter. AQR Capital Management LLC boosted its holdings in 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 acquiring an additional 123,121 shares during the period. Charles Schwab Investment Management Inc. grew its position in Molina Healthcare by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock worth $134,405,000 after acquiring an additional 10,030 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in Molina Healthcare by 9.5% in the 2nd quarter. TD Asset Management Inc now owns 270,996 shares of the company’s stock worth $80,567,000 after purchasing an additional 23,533 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

MOH has been the subject of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Robert W. Baird lowered their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Barclays upped their price objective 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. Finally, Wells Fargo & Company raised their target price on 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 issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $367.17.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock opened at $298.19 on Friday. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The firm has a market capitalization of $17.06 billion, a P/E ratio of 15.14, a P/E/G ratio of 1.02 and a beta of 0.59. The business has a fifty day simple moving average of $317.40 and a two-hundred day simple moving average of $322.19. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

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, beating the consensus estimate of $5.96 by $0.05. The firm 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 business’s revenue was up 21.0% on a year-over-year basis. During the same period last year, the business earned $5.05 earnings per share. On average, equities analysts forecast that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Molina Healthcare Company 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.