Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by True Wealth Design LLC

True Wealth Design LLC grew its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2,500.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 104 shares of the company’s stock after purchasing an additional 100 shares during the quarter. True Wealth Design LLC’s holdings in Molina Healthcare were worth $36,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC grew its stake in Molina Healthcare by 76.2% in the third quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after purchasing an additional 1,730 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Molina Healthcare by 516.4% in the 1st quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock worth $4,206,000 after acquiring an additional 8,577 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Molina Healthcare by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company’s stock valued at $50,421,000 after acquiring an additional 1,778 shares during the last quarter. BDF Gestion acquired a new stake in shares of Molina Healthcare during the 2nd quarter valued at approximately $1,591,000. Finally, Victory Capital Management Inc. lifted its stake in Molina Healthcare by 38.5% during the second quarter. Victory Capital Management Inc. now owns 89,083 shares of the company’s stock worth $26,484,000 after purchasing an additional 24,778 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on MOH shares. Robert W. Baird lowered their target price on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Barclays increased their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $367.17.

Molina Healthcare Price Performance

Shares of MOH opened at $297.90 on Monday. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. The stock’s fifty day moving average is $317.40 and its 200-day moving average is $321.83. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The firm has a market capitalization of $17.04 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS 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 analysts’ expectations of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. Molina Healthcare’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the company earned $5.05 EPS. Equities analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

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.