HighTower Advisors LLC Buys 55 Shares of Molina Healthcare, Inc. (NYSE:MOH)

HighTower Advisors LLC boosted its position in Molina Healthcare, Inc. (NYSE:MOH) by 2.1% during the third quarter, Holdings Channel reports. The fund owned 2,627 shares of the company’s stock after acquiring an additional 55 shares during the period. HighTower Advisors LLC’s holdings in Molina Healthcare were worth $906,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in shares of Molina Healthcare by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock valued at $282,343,000 after purchasing an additional 111,154 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Molina Healthcare by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock worth $140,026,000 after buying an additional 84,929 shares in the last quarter. AQR Capital Management LLC grew its position in Molina Healthcare by 36.2% during the second 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Molina Healthcare by 2.6% during the third 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 in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of 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 acquiring an additional 23,533 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

NYSE:MOH opened at $291.78 on Wednesday. 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 firm’s fifty day simple moving average is $309.31 and its 200 day simple moving average is $319.33. The stock has a market cap of $16.69 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92.

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

Analysts Set New Price Targets

Several equities analysts recently commented on MOH shares. Barclays increased their target price 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. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Wells Fargo & Company lifted their price target 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. Finally, Robert W. Baird dropped their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $363.42.

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.