Quantbot Technologies LP Has $5.57 Million Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Quantbot Technologies LP grew its stake in Molina Healthcare, Inc. (NYSE:MOH) by 223.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 19,144 shares of the company’s stock after buying an additional 13,217 shares during the quarter. Quantbot Technologies LP’s holdings in Molina Healthcare were worth $5,572,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC raised its holdings in shares of Molina Healthcare by 166.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after purchasing an additional 122,674 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Molina Healthcare during the 4th quarter worth about $26,091,000. Victory Capital Management Inc. grew its holdings in shares of Molina Healthcare by 48.9% in the 4th quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock valued at $41,092,000 after acquiring an additional 46,350 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at about $10,725,000. Finally, NFJ Investment Group LLC bought a new stake in Molina Healthcare during the third quarter worth about $7,432,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of NYSE MOH opened at $309.85 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 firm has a market cap of $17.20 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 1.06 and a beta of 0.56. The stock’s fifty day moving average price is $299.99 and its two-hundred day moving average price is $309.69. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, equities analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the transaction, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on MOH. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Mizuho decreased their target price on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. StockNews.com cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, UBS Group lowered their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare has a consensus rating of “Hold” and a consensus price target of $355.69.

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.