NFJ Investment Group LLC Purchases Shares of 21,570 Molina Healthcare, Inc. (NYSE:MOH)

NFJ Investment Group LLC acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,570 shares of the company’s stock, valued at approximately $7,432,000.

Several other institutional investors have also recently modified their holdings of the stock. True Wealth Design LLC increased its position 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 buying an additional 100 shares in the last quarter. Innealta Capital LLC purchased a new stake in Molina Healthcare during the 2nd quarter worth about $36,000. Ashton Thomas Private Wealth LLC acquired a new position in Molina Healthcare in the 2nd quarter valued at about $40,000. Capital Performance Advisors LLP purchased a new position in Molina Healthcare in the 3rd quarter valued at about $62,000. Finally, AM Squared Ltd acquired a new stake in shares of Molina Healthcare during the 2nd quarter worth about $59,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Trading Up 3.3 %

NYSE MOH opened at $311.77 on Wednesday. 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 one year low of $272.69 and a one year high of $423.92. The company’s 50 day moving average price is $315.79 and its 200 day moving average price is $321.27. The firm has a market capitalization of $17.83 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter last year, the firm posted $5.05 EPS. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, sell-side analysts predict that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Analysts Set New Price Targets

MOH has been the subject of a number of analyst reports. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Barclays boosted their price target on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Robert W. Baird decreased their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, Wells Fargo & Company raised their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $367.17.

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.