CWA Asset Management Group LLC Makes New Investment in Molina Healthcare, Inc. (NYSE:MOH)

CWA Asset Management Group LLC bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 618 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in Molina Healthcare during the 3rd quarter valued at approximately $62,000. Principal Financial Group Inc. boosted its stake in shares of Molina Healthcare by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 74,160 shares of the company’s stock valued at $25,553,000 after buying an additional 2,389 shares during the last quarter. National Pension Service raised its holdings in Molina Healthcare by 3.7% in the third quarter. National Pension Service now owns 115,645 shares of the company’s stock valued at $39,847,000 after acquiring an additional 4,087 shares in the last quarter. Van ECK Associates Corp raised its holdings in Molina Healthcare by 10.1% in the third quarter. Van ECK Associates Corp now owns 13,074 shares of the company’s stock valued at $4,505,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Molina Healthcare by 3.0% in the third quarter. Janney Montgomery Scott LLC now owns 2,509 shares of the company’s stock valued at $865,000 after acquiring an additional 72 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MOH has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird reduced their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Stephens reissued an “equal weight” rating and set a $320.00 price target on shares of Molina Healthcare in a research report on Thursday, July 25th. Jefferies Financial Group dropped their price target on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $367.17.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $318.91 on Wednesday. The firm’s 50 day moving average is $329.80 and its two-hundred day moving average is $326.35. The firm has a market capitalization of $18.24 billion, a P/E ratio of 16.20, a PEG ratio of 1.14 and a beta of 0.59. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its 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 firm had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.05 EPS. Analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $346.52, for a total transaction of $136,182.36. Following the sale, the chief accounting officer now directly owns 9,473 shares in the company, valued at approximately $3,282,583.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

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.