Atom Investors LP Invests $1.42 Million in Molina Healthcare, Inc. (NYSE:MOH)

Atom Investors LP acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,127 shares of the company’s stock, valued at approximately $1,422,000.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC boosted its stake in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the period. Innealta Capital LLC bought a new position in Molina Healthcare in the 2nd quarter valued at $36,000. Ashton Thomas Private Wealth LLC purchased a new position in Molina Healthcare in the 2nd quarter worth about $40,000. Capital Performance Advisors LLP purchased a new position in shares of Molina Healthcare during the third quarter worth approximately $62,000. Finally, AM Squared Ltd bought a new stake in Molina Healthcare during the 2nd quarter valued at $59,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 1.3 %

MOH stock opened at $301.87 on Tuesday. The company’s 50-day moving average price is $316.48 and its 200 day moving average price is $321.52. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The company has a market cap of $17.27 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.03 and a beta of 0.54. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping 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 company had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter last year, the business posted $5.05 earnings per share. Molina Healthcare’s revenue was up 21.0% compared to the same quarter last year. On average, research analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MOH has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Barclays raised their price target on shares of 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 boosted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Robert W. Baird dropped their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Molina Healthcare currently has an average rating of “Moderate Buy” and a consensus 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.