Los Angeles Capital Management LLC Boosts Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Los Angeles Capital Management LLC grew its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 166.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,513 shares of the company’s stock after acquiring an additional 122,674 shares during the quarter. Los Angeles Capital Management LLC owned 0.34% of Molina Healthcare worth $57,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. NFJ Investment Group LLC purchased a new position in shares of Molina Healthcare in the 3rd quarter worth about $7,432,000. Ieq Capital LLC boosted its holdings in shares of Molina Healthcare by 762.7% in the 4th quarter. Ieq Capital LLC now owns 21,489 shares of the company’s stock worth $6,254,000 after buying an additional 18,998 shares during the last quarter. KBC Group NV boosted its holdings in shares of Molina Healthcare by 14.6% in the 4th quarter. KBC Group NV now owns 125,486 shares of the company’s stock worth $36,522,000 after buying an additional 15,993 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Molina Healthcare by 59.9% in the 3rd quarter. Raymond James & Associates now owns 42,298 shares of the company’s stock worth $14,574,000 after buying an additional 15,840 shares during the last quarter. Finally, Integrated Investment Consultants LLC purchased a new position in shares of Molina Healthcare in the 3rd quarter worth about $4,716,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock opened at $287.59 on Tuesday. The business has a 50 day moving average of $293.05 and a 200 day moving average of $313.75. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market cap of $15.96 billion, a PE ratio of 14.08, a P/E/G ratio of 1.06 and a beta of 0.54. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, equities research analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Analyst Ratings Changes

MOH has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Stephens restated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. UBS Group lowered their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, Barclays lowered their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $353.17.

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.