Atom Investors LP Invests $1.42 Million in Molina Healthcare, Inc. (NYSE:MOH)

Atom Investors LP purchased a new stake in Molina Healthcare, Inc. (NYSE:MOH) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,127 shares of the company’s stock, valued at approximately $1,422,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Molina Healthcare during the 3rd quarter worth about $398,000. True Wealth Design LLC grew its position in Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of Molina Healthcare by 626.5% during the 3rd quarter. Verition Fund Management LLC now owns 15,068 shares of the company’s stock worth $5,192,000 after purchasing an additional 12,994 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after purchasing an additional 300 shares during the last quarter. Finally, Townsquare Capital LLC bought a new stake in Molina Healthcare during the third quarter worth approximately $228,000. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $301.87 on Tuesday. The stock has a market cap of $17.27 billion, a PE ratio of 15.33, a P/E/G ratio of 1.03 and a beta of 0.54. 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 business’s 50-day moving average price is $316.48 and its two-hundred day moving average price is $321.52. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data 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 company had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The firm’s revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.05 earnings per share. As a group, analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MOH shares. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. Barclays increased their price objective on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Robert W. Baird cut their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Wells Fargo & Company boosted their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.