Ieq Capital LLC Purchases 18,998 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Ieq Capital LLC increased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 762.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,489 shares of the company’s stock after purchasing an additional 18,998 shares during the period. Ieq Capital LLC’s holdings in Molina Healthcare were worth $6,254,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. NFJ Investment Group LLC purchased a new position in shares of Molina Healthcare in the 3rd quarter worth $7,432,000. KBC Group NV lifted its holdings in shares of Molina Healthcare by 14.6% in the 4th quarter. KBC Group NV now owns 125,486 shares of the company’s stock valued at $36,522,000 after acquiring an additional 15,993 shares during the last quarter. Raymond James & Associates grew its position in Molina Healthcare by 59.9% in the third quarter. Raymond James & Associates now owns 42,298 shares of the company’s stock worth $14,574,000 after acquiring an additional 15,840 shares in the last quarter. Integrated Investment Consultants LLC bought a new stake in Molina Healthcare during the third quarter worth approximately $4,716,000. Finally, Citigroup Inc. raised its position in Molina Healthcare by 18.8% during the third quarter. Citigroup Inc. now owns 84,770 shares of the company’s stock valued at $29,208,000 after purchasing an additional 13,387 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $291.71 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The firm has a 50-day moving average of $293.60 and a two-hundred day moving average of $314.85. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, research analysts forecast that Molina Healthcare, Inc. will post 24.37 earnings per share for the current year.

Analyst Ratings Changes

MOH has been the subject of a number of recent research reports. Stephens reiterated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Robert W. Baird dropped their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. UBS Group reduced their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. 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 research note on Tuesday, December 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and an average target price of $353.17.

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.