Pathstone Holdings LLC Acquires 69 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Pathstone Holdings LLC boosted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,153 shares of the company’s stock after acquiring an additional 69 shares during the quarter. Pathstone Holdings LLC’s holdings in Molina Healthcare were worth $2,120,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in shares of Molina Healthcare by 23.9% in the 1st quarter. Tidal Investments LLC now owns 4,324 shares of the company’s stock worth $1,778,000 after buying an additional 833 shares in the last quarter. Hancock Whitney Corp acquired a new position in Molina Healthcare during the first quarter worth $238,000. Comerica Bank lifted its holdings in shares of Molina Healthcare by 2.5% during the first quarter. Comerica Bank now owns 14,037 shares of the company’s stock valued at $5,767,000 after acquiring an additional 341 shares during the period. Swedbank AB acquired a new stake in shares of Molina Healthcare in the 1st quarter valued at $69,320,000. Finally, Cetera Investment Advisers grew its holdings 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 purchasing an additional 8,577 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Down 0.4 %

Shares of NYSE:MOH opened at $296.70 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.00 and a beta of 0.59. The company has a 50 day moving average of $321.83 and a 200-day moving average of $323.34. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The firm had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.05 EPS. On average, sell-side analysts forecast that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Analysts Set New Price Targets

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

About Molina Healthcare

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.