Oddo BHF Asset Management Sas Invests $2.95 Million in Molina Healthcare, Inc. (NYSE:MOH)

Oddo BHF Asset Management Sas bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,552 shares of the company’s stock, valued at approximately $2,947,000.

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

Molina Healthcare Stock Performance

MOH opened at $303.01 on Friday. The company has a market cap of $17.33 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $309.90 and its 200-day moving average price is $319.40. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (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 analyst estimates of $9.92 billion. During the same quarter in the prior year, the business posted $5.05 EPS. Molina Healthcare’s revenue for the quarter was up 21.0% compared to the same quarter last year. As a group, equities analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MOH shares. Wells Fargo & Company upped their price target 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 lowered their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. StockNews.com raised 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 stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.