Swedbank AB Has $58.17 Million Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Swedbank AB boosted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 0.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,818 shares of the company’s stock after purchasing an additional 387 shares during the period. Swedbank AB owned 0.30% of Molina Healthcare worth $58,168,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MOH. Renaissance Technologies LLC increased its stake in shares of Molina Healthcare by 13.3% in the second quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock valued at $282,343,000 after buying an additional 111,154 shares in the last quarter. Boston Partners increased its position in 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 acquiring an additional 103,245 shares in the last quarter. Dimensional Fund Advisors LP increased 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 acquiring an additional 84,929 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Molina Healthcare by 36.2% in the second 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Molina Healthcare by 2.6% during the third 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 in the last quarter. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MOH. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Wells Fargo & Company upped their price target 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. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Barclays lifted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $367.17.

Molina Healthcare Trading Down 1.8 %

Shares of NYSE MOH opened at $290.79 on Monday. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. 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 stock has a market cap of $16.63 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.00 and a beta of 0.59. The company’s fifty day moving average is $323.09 and its 200-day moving average is $323.71.

Molina Healthcare (NYSE:MOH) last released its quarterly 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. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same quarter in the prior year, the company earned $5.05 earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. Equities research analysts predict that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

About Molina Healthcare

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.