NFJ Investment Group LLC Buys New Position in Molina Healthcare, Inc. (NYSE:MOH)

NFJ Investment Group LLC acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,570 shares of the company's stock, valued at approximately $7,432,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC grew its position in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock worth $36,000 after buying an additional 100 shares in the last quarter. Innealta Capital LLC purchased a new stake in Molina Healthcare during the second quarter worth approximately $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in Molina Healthcare during the second quarter worth approximately $40,000. Capital Performance Advisors LLP purchased a new stake in Molina Healthcare during the third quarter worth approximately $62,000. Finally, AM Squared Ltd purchased a new stake in Molina Healthcare during the second quarter worth approximately $59,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MOH shares. Wells Fargo & Company boosted their target price 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. StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Barclays increased their price objective on Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Robert W. Baird decreased their price objective on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $406.00 price objective on shares of Molina Healthcare 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Molina Healthcare presently has an average rating of "Moderate Buy" and an average target price of $367.17.

Molina Healthcare Price Performance

NYSE:MOH traded down $0.89 during trading hours on Wednesday, hitting $311.01. The company's stock had a trading volume of 414,908 shares, compared to its average volume of 546,609. The business's 50-day moving average is $315.79 and its two-hundred day moving average is $321.27. The company has a market capitalization of $17.79 billion, a PE ratio of 15.83, a PEG ratio of 1.04 and a beta of 0.54. 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, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating analysts' consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter last year, the company earned $5.05 earnings per share. As a group, research analysts anticipate 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.