Y Intercept Hong Kong Ltd Purchases 5,175 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Y Intercept Hong Kong Ltd grew its position in Molina Healthcare, Inc. (NYSE:MOH) by 163.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,343 shares of the company’s stock after purchasing an additional 5,175 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Molina Healthcare were worth $2,428,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MOH. Raymond James & Associates raised its position in shares of Molina Healthcare by 59.9% in the third quarter. Raymond James & Associates now owns 42,298 shares of the company’s stock valued at $14,574,000 after purchasing an additional 15,840 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Molina Healthcare by 11.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,195 shares of the company’s stock valued at $412,000 after purchasing an additional 124 shares during the period. Private Advisor Group LLC bought a new position in shares of Molina Healthcare in the third quarter valued at approximately $215,000. Assenagon Asset Management S.A. raised its position in shares of Molina Healthcare by 15.9% in the third quarter. Assenagon Asset Management S.A. now owns 29,819 shares of the company’s stock valued at $10,274,000 after purchasing an additional 4,081 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Molina Healthcare by 27.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,039 shares of the company’s stock valued at $1,723,000 after purchasing an additional 1,084 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Up 1.3 %

Shares of Molina Healthcare stock opened at $287.59 on Tuesday. The firm has a market capitalization of $15.96 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. 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 company’s fifty day moving average price is $293.05 and its two-hundred day moving average price is $313.75. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week 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 the consensus estimate 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, analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on MOH shares. Wells Fargo & Company lifted their price target 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. Stephens reaffirmed an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. UBS Group dropped 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 report on Friday, February 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Molina Healthcare presently has an average rating of “Hold” and a consensus price target 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.