Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by True Wealth Design LLC

True Wealth Design LLC grew its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2,500.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104 shares of the company’s stock after purchasing an additional 100 shares during the period. True Wealth Design LLC’s holdings in Molina Healthcare were worth $36,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Verition Fund Management LLC boosted its position in Molina Healthcare by 626.5% during the third quarter. Verition Fund Management LLC now owns 15,068 shares of the company’s stock worth $5,192,000 after acquiring an additional 12,994 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Molina Healthcare by 13.5% during the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after purchasing an additional 300 shares during the last quarter. Townsquare Capital LLC acquired a new stake in shares of Molina Healthcare during the third quarter worth $228,000. BNP Paribas Financial Markets increased its stake in Molina Healthcare by 6.9% in the third quarter. BNP Paribas Financial Markets now owns 74,310 shares of the company’s stock valued at $25,604,000 after purchasing an additional 4,783 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Molina Healthcare during the third quarter worth about $115,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Stock Up 0.4 %

NYSE MOH opened at $297.90 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The business has a 50 day moving average price of $317.40 and a two-hundred day moving average price of $321.83. The stock has a market cap of $17.04 billion, a PE ratio of 15.13, a P/E/G ratio of 1.03 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $9.92 billion. During the same period in the prior year, the firm earned $5.05 earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. As a group, sell-side analysts predict that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. Robert W. Baird lowered their target price on shares of 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 increased their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Barclays increased their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $367.17.

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.