Victory Capital Management Inc. Acquires 5,751 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Victory Capital Management Inc. raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 6.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,834 shares of the company’s stock after purchasing an additional 5,751 shares during the period. Victory Capital Management Inc. owned 0.17% of Molina Healthcare worth $32,676,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CWM LLC increased its position in Molina Healthcare by 76.2% during the 3rd quarter. CWM LLC now owns 4,001 shares of the company’s stock valued at $1,379,000 after buying an additional 1,730 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Molina Healthcare by 516.4% during the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock valued at $4,206,000 after acquiring an additional 8,577 shares in the last quarter. Swedbank AB purchased a new position in shares of Molina Healthcare in the 1st quarter worth about $69,320,000. BDF Gestion bought a new position in Molina Healthcare in the 2nd quarter worth about $1,591,000. Finally, Wedge Capital Management L L P NC boosted its stake in Molina Healthcare by 5.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 105,317 shares of the company’s stock worth $31,311,000 after purchasing an additional 5,452 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Jefferies Financial Group decreased their price objective on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. TD Cowen cut their target price on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their price target on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research note on Monday, July 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $367.17.

Molina Healthcare Price Performance

NYSE MOH opened at $294.34 on Friday. 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 firm has a market capitalization of $16.84 billion, a P/E ratio of 14.95, a PEG ratio of 1.06 and a beta of 0.59. The company has a 50-day moving average price of $328.20 and a 200-day moving average price of $325.63. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the company earned $5.05 earnings per share. Equities research analysts anticipate that Molina Healthcare, Inc. will post 23.45 earnings per share for the current year.

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.