Molina Healthcare, Inc $MOH Shares Newly Purchased by Leuthold Group LLC

Leuthold Group LLC bought a new position in shares of Molina Healthcare, Inc (NYSE:MOH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,498 shares of the company’s stock, valued at approximately $472,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Retirement Systems of Alabama bought a new stake in shares of Molina Healthcare during the 3rd quarter valued at approximately $10,182,000. Fulcrum Asset Management LLP increased its position in Molina Healthcare by 4,634.4% during the 3rd quarter. Fulcrum Asset Management LLP now owns 3,030 shares of the company’s stock worth $574,000 after purchasing an additional 2,966 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Molina Healthcare by 6.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,677 shares of the company’s stock worth $303,000 after purchasing an additional 100 shares in the last quarter. Hohimer Wealth Management LLC bought a new position in Molina Healthcare in the 3rd quarter valued at approximately $640,000. Finally, Ethic Inc. lifted its stake 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 purchasing an additional 157 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MOH. TD Cowen raised their target price on shares of Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Robert W. Baird set a $198.00 target price on shares of Molina Healthcare in a research note on Friday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating on shares of Molina Healthcare in a report on Friday, October 9th. Royal Bank Of Canada increased their price target on Molina Healthcare from $218.00 to $222.00 and gave the company a “sector perform” rating in a research note on Friday, October 23rd. Finally, Wall Street Zen raised Molina Healthcare from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare currently has an average rating of “Hold” and a consensus target price of $213.88.

Molina Healthcare Stock Up 1.1%

Shares of NYSE:MOH opened at $205.68 on Wednesday. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $244.89. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.69 and a quick ratio of 1.69. The business’s 50-day moving average is $202.17 and its 200-day moving average is $185.49. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 101.68, a P/E/G ratio of 12.00 and a beta of 0.75.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, October 21st. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. The business had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $10.86 billion. Molina Healthcare had a positive return on equity of 2.50% and a negative net margin of 0.11%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.84 earnings per share. Equities research analysts predict that Molina Healthcare, Inc will post 5.30 earnings per share for the current year.

Molina Healthcare Company 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.