J2 Capital Management Inc Makes New $345,000 Investment in Molina Healthcare, Inc. (NYSE:MOH)

J2 Capital Management Inc bought a new stake in Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,185 shares of the company’s stock, valued at approximately $345,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its stake in Molina Healthcare by 0.5% in the third quarter. State Street Corp now owns 2,614,311 shares of the company’s stock valued at $900,787,000 after buying an additional 13,001 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Molina Healthcare by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock valued at $140,026,000 after purchasing an additional 84,929 shares during the last quarter. AQR Capital Management LLC raised its position in Molina Healthcare by 36.2% in the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after purchasing an additional 123,121 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Molina Healthcare by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock worth $134,405,000 after purchasing an additional 10,030 shares during the period. Finally, Swiss National Bank grew its position in Molina Healthcare by 0.3% during the 3rd quarter. Swiss National Bank now owns 173,900 shares of the company’s stock worth $59,919,000 after purchasing an additional 500 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Robert W. Baird reduced 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. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. Barclays boosted their target price on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Molina Healthcare has an average rating of “Hold” and an average target price of $359.18.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $286.36 on Friday. The company’s fifty day moving average is $296.84 and its two-hundred day moving average is $316.98. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The firm has a market capitalization of $16.38 billion, a P/E ratio of 14.54, a PEG ratio of 0.89 and a beta of 0.54. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping 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 the consensus estimate of $9.92 billion. During the same quarter in the previous year, the firm earned $5.05 earnings per share. The firm’s revenue was up 21.0% on a year-over-year basis. Analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

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.