1,201 Shares in Molina Healthcare, Inc. (NYSE:MOH) Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC purchased a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,201 shares of the company’s stock, valued at approximately $414,000.

Other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in Molina Healthcare during the second quarter worth about $36,000. Ashton Thomas Private Wealth LLC purchased a new position in Molina Healthcare during the second quarter worth about $40,000. AM Squared Ltd purchased a new stake in shares of Molina Healthcare in the 2nd quarter valued at approximately $59,000. UMB Bank n.a. raised its stake in shares of Molina Healthcare by 96.2% in the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after acquiring an additional 101 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Molina Healthcare by 43.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 409 shares of the company’s stock valued at $141,000 after acquiring an additional 123 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $330.66 on Tuesday. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. The firm has a 50 day moving average price of $332.47 and a 200 day moving average price of $327.62. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.11 and a beta of 0.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54.

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

Insider Transactions at Molina Healthcare

In other news, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total transaction of $136,182.36. Following the transaction, the chief accounting officer now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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 stock. Barclays boosted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. TD Cowen reduced their price target on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. JPMorgan Chase & Co. reduced their price target on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Stephens reissued an “equal weight” rating and issued a $320.00 price target on shares of Molina Healthcare in a research note on Thursday, July 25th. Finally, StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $367.17.

Molina Healthcare Company 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.