Tidal Investments LLC Sells 323 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Tidal Investments LLC lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,117 shares of the company’s stock after selling 323 shares during the quarter. Tidal Investments LLC’s holdings in Molina Healthcare were worth $2,452,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new position in Molina Healthcare in the second quarter valued at about $36,000. True Wealth Design LLC lifted its stake in Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Molina Healthcare during the second quarter valued at $40,000. AM Squared Ltd purchased a new stake in Molina Healthcare in the second quarter worth $59,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Molina Healthcare in the third quarter valued at $62,000. Institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Barclays raised their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, Robert W. Baird lowered their target price on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $367.17.

Molina Healthcare Price Performance

NYSE:MOH opened at $303.02 on Monday. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The stock has a fifty day moving average of $309.90 and a 200 day moving average of $319.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.03 and a beta of 0.54.

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, beating 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 firm had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $9.92 billion. During the same quarter last year, the firm posted $5.05 EPS. The company’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 EPS for the current fiscal year.

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.