ETRADE Capital Management LLC increased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 33.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,719 shares of the company’s stock after buying an additional 929 shares during the quarter. ETRADE Capital Management LLC’s holdings in Molina Healthcare were worth $432,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of MOH. Oregon Public Employees Retirement Fund boosted its holdings in shares of Molina Healthcare by 15,114.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,861,453 shares of the company’s stock worth $25,000 after purchasing an additional 2,842,645 shares during the period. Financial Gravity Companies Inc. acquired a new stake in shares of Molina Healthcare during the fourth quarter worth approximately $51,000. Cypress Capital Management LLC WY boosted its holdings in shares of Molina Healthcare by 82.4% during the fourth quarter. Cypress Capital Management LLC WY now owns 602 shares of the company’s stock worth $70,000 after purchasing an additional 272 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Molina Healthcare during the fourth quarter worth approximately $139,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Molina Healthcare during the fourth quarter worth approximately $158,000.
In other news, Director Ronna Romney sold 200 shares of Molina Healthcare stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $136.66, for a total value of $27,332.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders sold 600 shares of company stock worth $76,788. Insiders own 0.65% of the company’s stock.
MOH has been the subject of several research reports. Jefferies Financial Group upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating and raised their price target for the stock from $152.00 to $169.00 in a report on Tuesday, November 13th. Stephens started coverage on shares of Molina Healthcare in a research report on Monday, January 14th. They set an “equal weight” rating and a $144.00 price objective on the stock. ValuEngine raised shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Wolfe Research lowered shares of Molina Healthcare from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 3rd. Finally, Cowen started coverage on shares of Molina Healthcare in a research report on Thursday, February 28th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $141.77.
Shares of MOH opened at $134.08 on Wednesday. The company has a market cap of $8.29 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 1.16 and a beta of 1.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.40 and a current ratio of 1.52. Molina Healthcare, Inc. has a twelve month low of $72.76 and a twelve month high of $154.06.
Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Monday, February 11th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $1.52 by $2.36. The firm had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.56 billion. Molina Healthcare had a net margin of 3.74% and a return on equity of 45.70%. Analysts predict that Molina Healthcare, Inc. will post 9.8 earnings per share for the current year.
About Molina Healthcare
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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