Citizens Financial Group Inc. RI Makes New $1.12 Million Investment in Molina Healthcare, Inc $MOH

Citizens Financial Group Inc. RI purchased a new position in Molina Healthcare, Inc (NYSE:MOH) in the second quarter, Holdings Channel reports. The institutional investor purchased 4,888 shares of the company’s stock, valued at approximately $1,118,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MOH. Torren Management LLC bought a new position in Molina Healthcare in the 4th quarter worth about $26,000. Physician Wealth Advisors Inc. increased its position in shares of Molina Healthcare by 1,250.0% during the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the period. Quarry LP bought a new stake in shares of Molina Healthcare during the fourth quarter valued at about $32,000. SJS Investment Consulting Inc. lifted its holdings in shares of Molina Healthcare by 504.9% in the first quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock worth $33,000 after buying an additional 207 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its holdings 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 worth $33,000 after buying an additional 78 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Up 0.3%

Shares of NYSE MOH opened at $203.68 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average of $211.08 and a 200-day moving average of $178.17. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of -1,131.50, a PEG ratio of 30.44 and a beta of 0.75. Molina Healthcare, Inc has a 12 month low of $121.06 and a 12 month high of $244.89.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The business had revenue of $10.87 billion for the quarter, compared to the consensus estimate of $10.83 billion. During the same period last year, the firm posted $5.48 earnings per share. Molina Healthcare’s quarterly revenue was down 4.8% on a year-over-year basis. Sell-side analysts expect that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Molina Healthcare from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 24th. Robert W. Baird increased their target price on shares of Molina Healthcare from $124.00 to $163.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Bank of America raised shares of Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price target for the company in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Wells Fargo & Company decreased their price target on shares of Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $202.44.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.