MML Investors Services LLC Buys 401 Shares of Molina Healthcare, Inc. (NYSE:MOH)

MML Investors Services LLC grew its position in Molina Healthcare, Inc. (NYSE:MOH) by 23.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,133 shares of the company’s stock after purchasing an additional 401 shares during the period. MML Investors Services LLC’s holdings in Molina Healthcare were worth $735,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MOH. Innealta Capital LLC bought a new position in shares of Molina Healthcare during the 2nd quarter worth approximately $36,000. True Wealth Design LLC lifted its holdings in Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after acquiring an additional 100 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Molina Healthcare in the second quarter worth $40,000. AM Squared Ltd bought a new position in Molina Healthcare in the 2nd quarter valued at $59,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Molina Healthcare during the 3rd quarter valued at $62,000. 98.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MOH has been the topic of a number of research analyst reports. Robert W. Baird cut their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. Barclays increased their price objective on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $363.42.

Molina Healthcare Trading Up 0.4 %

Shares of MOH opened at $294.73 on Friday. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a market capitalization of $16.86 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The firm’s 50 day simple moving average is $306.63 and its 200 day simple moving average is $318.72.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The company had revenue of $10.34 billion during the quarter, compared to the consensus estimate 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 was up 21.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.05 EPS. Sell-side analysts forecast that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

About Molina Healthcare

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.