Trust Asset Management LLC Makes New $231,000 Investment in Molina Healthcare, Inc. (NYSE:MOH)

Trust Asset Management LLC acquired a new position in Molina Healthcare, Inc. (NYSE:MOH) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 670 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds have also recently made changes to their positions in MOH. Renaissance Technologies LLC lifted its position in Molina Healthcare by 13.3% during the second quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock valued at $282,343,000 after purchasing an additional 111,154 shares during the last quarter. Boston Partners lifted its holdings in shares of 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 during the last quarter. Dimensional Fund Advisors LP grew its position in Molina Healthcare by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock worth $140,026,000 after acquiring an additional 84,929 shares in the last quarter. AQR Capital Management LLC increased its stake in Molina Healthcare by 36.2% during 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. raised its position in Molina Healthcare by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock valued at $134,405,000 after purchasing an additional 10,030 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 2.8 %

Shares of NYSE MOH traded up $8.03 during trading hours on Monday, hitting $298.82. 25,673 shares of the stock were exchanged, compared to its average volume of 542,606. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The firm has a fifty day moving average price of $323.09 and a 200-day moving average price of $323.71. 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 company has a market cap of $17.09 billion, a PE ratio of 14.77, a PEG ratio of 1.00 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The firm had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same quarter last year, the firm earned $5.05 EPS. The business’s quarterly revenue was up 21.0% on a year-over-year basis. On average, sell-side analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on MOH shares. Robert W. Baird dropped their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Finally, Barclays raised their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $367.17.

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.