2,498 Shares of Molina Healthcare, Inc $MOH Bought by Leuthold Group LLC

Leuthold Group LLC acquired a new stake in Molina Healthcare, Inc (NYSE:MOH) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,498 shares of the company’s stock, valued at approximately $472,000.

A number of other institutional investors have also recently bought and sold shares of MOH. Fortitude Family Office LLC increased its holdings in shares of Molina Healthcare by 63.7% during the third quarter. Fortitude Family Office LLC now owns 131 shares of the company’s stock worth $25,000 after purchasing an additional 51 shares during the period. Elevation Wealth Partners LLC raised its position in shares of Molina Healthcare by 118.2% in the second quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock valued at $33,000 after buying an additional 78 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Molina Healthcare in the second quarter valued at approximately $39,000. Versant Capital Management Inc raised its position in shares of Molina Healthcare by 341.6% in the second quarter. Versant Capital Management Inc now owns 340 shares of the company’s stock valued at $78,000 after buying an additional 263 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Molina Healthcare in the second quarter valued at approximately $89,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $205.68 on Wednesday. The firm has a 50 day moving average of $202.17 and a 200-day moving average of $185.49. The stock has a market capitalization of $10.74 billion, a PE ratio of 101.68, a PEG ratio of 12.00 and a beta of 0.75. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.95. Molina Healthcare, Inc has a 12 month low of $121.06 and a 12 month high of $244.89.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, October 21st. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a negative net margin of 0.11% and a positive return on equity of 2.50%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 EPS. On average, equities research analysts predict that Molina Healthcare, Inc will post 5.30 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MOH shares. Cantor Fitzgerald reissued a “neutral” rating on shares of Molina Healthcare in a research report on Friday, October 9th. Morgan Stanley lifted their price objective on Molina Healthcare from $167.00 to $192.00 and gave the company an “equal weight” rating in a report on Friday, October 23rd. Zacks Research cut Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $163.00 target price on shares of Molina Healthcare in a research report on Monday, October 26th. Finally, Robert W. Baird set a $198.00 target price on Molina Healthcare in a report on Friday, October 23rd. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $213.88.

About Molina Healthcare

Molina Healthcare, Inc. is a managed care company that provides health insurance plans primarily to people covered by government-sponsored programs. Its offerings include Medicaid plans, Medicare plans for eligible individuals and dual-eligible members, and health plans sold through government marketplaces under the Affordable Care Act. The company was founded in 1980 by physician C. David Molina in Long Beach, California, initially serving low-income families through community clinics. It later shifted its focus to providing managed health care, with Medicaid becoming a central part of its business.