Commons Capital LLC purchased a new position in Molina Healthcare, Inc (NYSE:MOH – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,800 shares of the company’s stock, valued at approximately $1,853,000. Molina Healthcare makes up 1.3% of Commons Capital LLC’s portfolio, making the stock its 19th biggest holding.
Other large investors also recently bought and sold shares of the company. Ritholtz Wealth Management purchased a new position in shares of Molina Healthcare during the third quarter valued at approximately $284,000. Machina Capital S.A.S. boosted its position in shares of Molina Healthcare by 80.2% in the 3rd quarter. Machina Capital S.A.S. now owns 3,129 shares of the company’s stock worth $592,000 after purchasing an additional 1,393 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Molina Healthcare by 24.3% in the 3rd quarter. Lido Advisors LLC now owns 3,979 shares of the company’s stock worth $753,000 after purchasing an additional 777 shares in the last quarter. New York Life Investment Management LLC grew its stake in shares of Molina Healthcare by 10.5% in the 3rd quarter. New York Life Investment Management LLC now owns 7,495 shares of the company’s stock worth $1,417,000 after buying an additional 714 shares during the last quarter. Finally, AlphaCore Capital LLC grew its stake in shares of Molina Healthcare by 46.9% in the 3rd quarter. AlphaCore Capital LLC now owns 4,606 shares of the company’s stock worth $871,000 after buying an additional 1,470 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on Molina Healthcare from $218.00 to $222.00 and gave the company a “sector perform” rating in a research report on Friday, October 23rd. Morgan Stanley boosted their target price on Molina Healthcare from $167.00 to $192.00 and gave the stock an “equal weight” rating in a report on Friday, October 23rd. JPMorgan Chase & Co. increased their target price on Molina Healthcare from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 27th. Sanford C. Bernstein reissued an “outperform” rating on shares of Molina Healthcare in a research note on Tuesday, October 27th. Finally, Deutsche Bank restated a “hold” rating and set a $163.00 price target on shares of Molina Healthcare in a report on Monday, October 26th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $213.88.
Get Our Latest Research Report on MOH
Molina Healthcare Trading Up 1.3%
Shares of NYSE MOH opened at $209.01 on Thursday. The firm’s 50 day moving average price is $202.28 and its 200-day moving average price is $185.52. Molina Healthcare, Inc has a 52-week low of $121.06 and a 52-week high of $244.89. 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 company has a market cap of $10.91 billion, a PE ratio of 103.18, a P/E/G ratio of 12.17 and a beta of 0.75.
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 for the quarter, beating the consensus estimate of $0.79 by $0.10. Molina Healthcare had a negative net margin of 0.11% and a positive return on equity of 2.50%. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $10.86 billion. During the same quarter last year, the firm earned $1.84 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts expect that Molina Healthcare, Inc will post 5.30 EPS for the current fiscal year.
Molina Healthcare Profile
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. It later shifted its focus to providing managed health care, with Medicaid becoming a central part of its business.
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