Private Advisor Group LLC Invests $215,000 in Molina Healthcare, Inc. (NYSE:MOH)

Private Advisor Group LLC purchased a new position in Molina Healthcare, Inc. (NYSE:MOH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 624 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MOH. Innealta Capital LLC purchased a new stake in shares of Molina Healthcare in the second quarter worth about $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in Molina Healthcare in the second quarter valued at approximately $40,000. AM Squared Ltd purchased a new stake in Molina Healthcare in the second quarter valued at approximately $59,000. UMB Bank n.a. raised its stake in Molina Healthcare by 96.2% in the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after purchasing an additional 101 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Molina Healthcare by 84.9% in the third quarter. Blue Trust Inc. now owns 479 shares of the company’s stock valued at $165,000 after purchasing an additional 220 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Down 2.4 %

Shares of Molina Healthcare stock opened at $329.65 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The stock has a market capitalization of $18.86 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 1.12 and a beta of 0.59. The company’s 50 day moving average price is $330.97 and its 200-day moving average price is $327.22.

Molina Healthcare (NYSE:MOH) last released its quarterly 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. The business had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.05 earnings per share. Equities research analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Wall Street Analyst Weigh In

MOH has been the topic of a number of recent analyst reports. TD Cowen lowered their target price on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. Truist Financial reduced their price target on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Finally, Jefferies Financial Group reduced their price target on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $367.17.

Insider Activity at Molina Healthcare

In related news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the sale, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

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.