Wealthfront Advisers LLC Purchases New Stake in Molina Healthcare, Inc $MOH

Wealthfront Advisers LLC purchased a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,421 shares of the company’s stock, valued at approximately $782,000.

Several other institutional investors also recently bought and sold shares of MOH. ARGA Investment Management LP increased its position in shares of Molina Healthcare by 1.4% in the first quarter. ARGA Investment Management LP now owns 4,166 shares of the company’s stock worth $555,000 after acquiring an additional 59 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Molina Healthcare by 118.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock valued at $33,000 after acquiring an additional 78 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Molina Healthcare by 64.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company’s stock valued at $40,000 after acquiring an additional 91 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Molina Healthcare by 0.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company’s stock valued at $2,616,000 after acquiring an additional 92 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Molina Healthcare by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,753 shares of the company’s stock worth $3,206,000 after purchasing an additional 104 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays decreased their target price on Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating for the company in a research report on Friday, July 24th. Robert W. Baird raised their target price on Molina Healthcare from $124.00 to $163.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Jefferies Financial Group set a $230.00 price target on Molina Healthcare in a research report on Tuesday, July 14th. Morgan Stanley upped their price target on Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Finally, UBS Group increased their price objective on shares of Molina Healthcare from $180.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $202.44.

Molina Healthcare Stock Up 1.9%

NYSE:MOH opened at $200.63 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of -1,114.55, a price-to-earnings-growth ratio of 28.22 and a beta of 0.75. Molina Healthcare, Inc has a one year low of $121.06 and a one year high of $244.89. The stock has a 50-day simple moving average of $211.25 and a 200 day simple moving average of $178.58.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The company had revenue of $10.87 billion for the quarter, compared to analysts’ expectations of $10.83 billion. During the same period in the prior year, the company earned $5.48 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. Sell-side analysts predict that Molina Healthcare, Inc will post 5.29 EPS for the current fiscal year.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.