Virtu Financial LLC Invests $2.11 Million in Molina Healthcare, Inc. (NYSE:MOH)

Virtu Financial LLC acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,126 shares of the company’s stock, valued at approximately $2,111,000.

Other institutional investors have also bought and sold shares of the company. Cetera Advisors LLC acquired a new stake in shares of Molina Healthcare in the 1st quarter worth approximately $339,000. Assenagon Asset Management S.A. lifted its position in Molina Healthcare by 72.3% in the second quarter. Assenagon Asset Management S.A. now owns 25,738 shares of the company’s stock worth $7,652,000 after purchasing an additional 10,799 shares during the period. Continuum Advisory LLC bought a new position in Molina Healthcare during the 2nd quarter valued at $2,491,000. Lecap Asset Management Ltd. acquired a new position in shares of Molina Healthcare during the 2nd quarter valued at $4,009,000. Finally, Retirement Systems of Alabama raised its stake in shares of Molina Healthcare by 1.0% in the 2nd quarter. Retirement Systems of Alabama now owns 12,926 shares of the company’s stock worth $3,843,000 after buying an additional 123 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $297.05 on Friday. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.03 and a beta of 0.54. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $310.46 and its 200-day simple moving average is $319.61.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating the consensus estimate of $5.96 by $0.05. The company had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.05 EPS. On average, sell-side analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MOH. Wells Fargo & Company raised their target price 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. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. 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 research note on Friday, October 25th. Robert W. Baird decreased their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Molina Healthcare has an average rating of “Moderate Buy” and an average price target of $367.17.

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.