Hohimer Wealth Management LLC acquired a new stake in shares of Molina Healthcare, Inc (NYSE:MOH – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,382 shares of the company’s stock, valued at approximately $640,000.
A number of other large investors have also modified their holdings of MOH. Ethic Inc. increased its holdings in Molina Healthcare by 2.5% in the 3rd quarter. Ethic Inc. now owns 6,526 shares of the company’s stock valued at $1,234,000 after buying an additional 157 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in shares of Molina Healthcare by 1.9% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 78,102 shares of the company’s stock worth $14,769,000 after acquiring an additional 1,441 shares during the period. Privium Fund Management B.V. boosted its position in shares of Molina Healthcare by 36.4% during the 3rd quarter. Privium Fund Management B.V. now owns 4,064 shares of the company’s stock valued at $769,000 after acquiring an additional 1,085 shares in the last quarter. CenterBook Partners LP boosted its position in shares of Molina Healthcare by 203.0% during the 3rd quarter. CenterBook Partners LP now owns 10,279 shares of the company’s stock valued at $1,944,000 after acquiring an additional 6,887 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in shares of Molina Healthcare by 94.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 2,687 shares of the company’s stock valued at $508,000 after acquiring an additional 1,307 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on MOH. Cantor Fitzgerald reissued a “neutral” rating on shares of Molina Healthcare in a research note on Friday, October 9th. TD Cowen raised their price target on shares of Molina Healthcare from $163.00 to $230.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Truist Financial decreased their price objective on Molina Healthcare from $250.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $163.00 price objective on shares of Molina Healthcare in a research note on Monday, October 26th. Finally, Barclays lowered their price objective on Molina Healthcare from $180.00 to $178.00 and set an “underweight” rating on the stock in a research note on Friday, October 23rd. Three investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $213.88.
View Our Latest Analysis on MOH
Molina Healthcare Stock Down 2.8%
MOH opened at $203.23 on Tuesday. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of -211.69, a PEG ratio of 13.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.69 and a current ratio of 1.69. The firm’s 50-day simple moving average is $202.02 and its 200-day simple moving average is $185.45. Molina Healthcare, Inc has a twelve month low of $121.06 and a twelve month high of $244.89.
Molina Healthcare (NYSE:MOH – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a negative net margin of 0.11% and a positive return on equity of 2.50%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $1.84 EPS. Equities research analysts anticipate that Molina Healthcare, Inc will post 5.30 EPS for the current fiscal 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.
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