CWA Asset Management Group LLC Buys New Position 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MOH. Capital Performance Advisors LLP acquired a new position in shares of Molina Healthcare in the 3rd quarter worth approximately $62,000. Principal Financial Group Inc. boosted its holdings in Molina Healthcare by 3.3% during the third quarter. Principal Financial Group Inc. now owns 74,160 shares of the company’s stock worth $25,553,000 after buying an additional 2,389 shares in the last quarter. National Pension Service boosted its holdings in Molina Healthcare by 3.7% during the third quarter. National Pension Service now owns 115,645 shares of the company’s stock worth $39,847,000 after buying an additional 4,087 shares in the last quarter. Van ECK Associates Corp grew its position in Molina Healthcare by 10.1% in the third quarter. Van ECK Associates Corp now owns 13,074 shares of the company’s stock worth $4,505,000 after buying an additional 1,201 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Molina Healthcare by 3.0% during the 3rd 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 during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the sale, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. TD Cowen cut their target price on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Jefferies Financial Group decreased their target price on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. Stephens restated an “equal weight” rating and set a $320.00 price target on shares of Molina Healthcare in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $367.17.

Molina Healthcare Price Performance

MOH opened at $318.91 on Wednesday. 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 1 year low of $272.69 and a 1 year high of $423.92. The stock has a fifty day moving average price of $329.80 and a 200 day moving average price of $326.35. The stock has a market cap of $18.24 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.14 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last announced its quarterly 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. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same quarter in the previous year, the business posted $5.05 EPS. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. Analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal 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.