NFJ Investment Group LLC Invests $7.43 Million in Molina Healthcare, Inc. (NYSE:MOH)

NFJ Investment Group LLC bought a new stake in Molina Healthcare, Inc. (NYSE:MOH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,570 shares of the company’s stock, valued at approximately $7,432,000.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Molina Healthcare in the 2nd quarter valued at about $36,000. True Wealth Design LLC lifted its stake in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Molina Healthcare in the second quarter worth about $40,000. AM Squared Ltd purchased a new position in Molina Healthcare in the second quarter valued at about $59,000. Finally, Capital Performance Advisors LLP acquired a new stake in Molina Healthcare during the 3rd quarter valued at approximately $62,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Molina Healthcare Stock Performance

Shares of MOH stock opened at $311.77 on Wednesday. The company has a market cap of $17.83 billion, a P/E ratio of 15.83, a PEG ratio of 1.04 and a beta of 0.54. The business has a 50 day moving average of $315.79 and a two-hundred day moving average of $321.27. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53.

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, beating analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same quarter in the previous year, the firm posted $5.05 EPS. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. As a group, analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current 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.