AlphaMark Advisors LLC Has $1.09 Million Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

AlphaMark Advisors LLC grew its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,744 shares of the company’s stock after acquiring an additional 136 shares during the period. AlphaMark Advisors LLC’s holdings in Molina Healthcare were worth $1,090,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MOH. Public Sector Pension Investment Board grew its position in Molina Healthcare by 76.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,227 shares of the company’s stock worth $662,000 after acquiring an additional 967 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Molina Healthcare in the second quarter valued at approximately $416,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Molina Healthcare by 61.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,219 shares of the company’s stock valued at $3,335,000 after buying an additional 4,259 shares during the last quarter. APG Asset Management N.V. raised its holdings in Molina Healthcare by 47.6% in the 2nd quarter. APG Asset Management N.V. now owns 105,897 shares of the company’s stock valued at $29,375,000 after buying an additional 34,156 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C acquired a new stake in Molina Healthcare during the 2nd quarter worth approximately $303,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $304.03 on Friday. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.94 and a beta of 0.54. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The stock’s 50 day moving average price is $295.63 and its two-hundred day moving average price is $317.20.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays upped their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Company upped their price target on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird lowered their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $359.18.

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.