Wealthfront Advisers LLC Makes New $782,000 Investment in Molina Healthcare, Inc $MOH

Wealthfront Advisers LLC acquired a new stake in Molina Healthcare, Inc (NYSE:MOH) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 3,421 shares of the company’s stock, valued at approximately $782,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MOH. ARGA Investment Management LP boosted its position in shares of Molina Healthcare by 1.4% during the 1st quarter. ARGA Investment Management LP now owns 4,166 shares of the company’s stock valued at $555,000 after purchasing an additional 59 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Molina Healthcare by 118.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock worth $33,000 after purchasing an additional 78 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Molina Healthcare by 64.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company’s stock worth $40,000 after purchasing an additional 91 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Molina Healthcare by 0.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company’s stock valued at $2,616,000 after purchasing an additional 92 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Molina Healthcare by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 16,753 shares of the company’s stock valued at $3,206,000 after purchasing an additional 104 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MOH. Zacks Research upgraded Molina Healthcare from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Barclays reduced their target price on Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating for the company in a report on Friday, July 24th. Wall Street Zen upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Mizuho set a $215.00 price target on Molina Healthcare in a research note on Monday, June 8th. Finally, Royal Bank Of Canada cut their price objective on Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $202.44.

Molina Healthcare Price Performance

Shares of MOH opened at $200.63 on Friday. The business’s 50-day moving average is $211.25 and its 200-day moving average is $178.58. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of -1,114.55, a P/E/G ratio of 28.22 and a beta of 0.75. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $244.89.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.83 billion. During the same period last year, the company posted $5.48 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. Equities research analysts expect that Molina Healthcare, Inc will post 5.29 EPS for the current fiscal year.

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.