2,658 Shares in Molina Healthcare, Inc $MOH Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,658 shares of the company’s stock, valued at approximately $503,000.

Several other hedge funds also recently added to or reduced their stakes in MOH. BlackRock Inc. purchased a new stake in shares of Molina Healthcare during the second quarter valued at approximately $1,503,052,000. Wellington Management Group LLP boosted its holdings in Molina Healthcare by 11.9% in the second quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company’s stock valued at $289,810,000 after purchasing an additional 135,247 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Molina Healthcare by 23.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company’s stock valued at $185,929,000 after purchasing an additional 267,121 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in Molina Healthcare during the 2nd quarter valued at approximately $152,339,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Molina Healthcare in the 2nd quarter valued at approximately $86,138,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MOH has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 28th. Zacks Research cut shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Wall Street Zen upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Barclays lowered their price target on Molina Healthcare from $180.00 to $178.00 and set an “underweight” rating for the company in a report on Friday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $163.00 price objective on shares of Molina Healthcare in a report on Monday, October 26th. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Molina Healthcare currently has an average rating of “Hold” and an average price target of $213.88.

Molina Healthcare Trading Down 2.8%

Shares of MOH stock opened at $203.23 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.69 and a current ratio of 1.69. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $244.89. The stock has a fifty day moving average of $202.02 and a two-hundred day moving average of $185.45. The firm has a market capitalization of $10.61 billion, a PE ratio of 113.21, a price-to-earnings-growth ratio of 13.36 and a beta of 0.75.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, October 21st. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a positive return on equity of 2.50% and a negative net margin of 0.11%. During the same period last year, the company earned $1.84 earnings per share. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, research analysts expect that Molina Healthcare, Inc will post 5.30 EPS for the current year.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company that provides health insurance plans primarily to people covered by government-sponsored programs. Its offerings include Medicaid plans, Medicare plans for eligible individuals and dual-eligible members, and health plans sold through government marketplaces under the Affordable Care Act.

The company was founded in 1980 by physician C. David Molina in Long Beach, California, initially serving low-income families through community clinics.