HBK Investments L P grew its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 137.6% during the 4th quarter, Holdings Channel reports. The firm owned 181,777 shares of the company’s stock after buying an additional 105,277 shares during the period. HBK Investments L P’s holdings in Molina Healthcare were worth $13,939,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. New Mexico Educational Retirement Board acquired a new stake in Molina Healthcare during the 4th quarter worth $838,000. Cambridge Investment Research Advisors Inc. boosted its stake in Molina Healthcare by 33.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,958 shares of the company’s stock worth $616,000 after purchasing an additional 2,266 shares during the last quarter. Boston Advisors LLC acquired a new stake in Molina Healthcare during the 4th quarter worth $1,318,000. Jana Partners LLC boosted its stake in Molina Healthcare by 52.5% during the 3rd quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock worth $146,139,000 after purchasing an additional 731,992 shares during the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in Molina Healthcare during the 4th quarter worth $1,190,000. 96.22% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on MOH. ValuEngine raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Leerink Swann lifted their target price on shares of Molina Healthcare from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. BMO Capital Markets lowered their target price on shares of Molina Healthcare from $98.00 to $85.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 14th. Morgan Stanley lowered their target price on shares of Molina Healthcare from $94.00 to $91.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $80.00 target price on shares of Molina Healthcare in a research note on Wednesday, February 14th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $73.73.
Molina Healthcare, Inc. (NYSE MOH) opened at $75.81 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.13. The firm has a market cap of $4,508.79, a PE ratio of -8.40, a PEG ratio of 1.34 and a beta of 1.28. Molina Healthcare, Inc. has a 1 year low of $42.56 and a 1 year high of $93.98.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.11. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $4.96 billion. Molina Healthcare had a negative net margin of 2.58% and a positive return on equity of 17.64%. analysts expect that Molina Healthcare, Inc. will post 3.68 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This report was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://sportsperspectives.com/2018/03/13/hbk-investments-l-p-acquires-105277-shares-of-molina-healthcare-inc-moh.html.
Molina Healthcare Profile
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare, Inc. (NYSE:MOH).
Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.