Atria Investments Inc Sells 106 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Atria Investments Inc trimmed its stake in Molina Healthcare, Inc. (NYSE:MOH) by 13.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 662 shares of the company’s stock after selling 106 shares during the quarter. Atria Investments Inc’s holdings in Molina Healthcare were worth $228,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Swedbank AB bought a new position in Molina Healthcare in the first quarter worth about $69,320,000. Jupiter Asset Management Ltd. grew its holdings in shares of Molina Healthcare by 434.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company’s stock worth $55,181,000 after acquiring an additional 150,890 shares during the period. AQR Capital Management LLC raised its position in shares of Molina Healthcare by 36.2% in the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock worth $137,810,000 after acquiring an additional 123,121 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Molina Healthcare by 13.3% in 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 period. Finally, Boston Partners lifted its stake in shares of Molina Healthcare by 14.8% in the 1st quarter. Boston Partners now owns 798,950 shares of the company’s stock valued at $328,101,000 after purchasing an additional 103,245 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH opened at $290.79 on Friday. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The company has a market capitalization of $16.63 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.02 and a beta of 0.59. The firm has a 50 day moving average of $323.09 and a 200 day moving average of $324.03. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the company earned $5.05 EPS. As a group, equities research analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company upped 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. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. 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 research report on Thursday, October 24th. 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. Finally, Barclays raised their target price 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $367.17.

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.