Chicago Partners Investment Group LLC Invests $414,000 in Molina Healthcare, Inc. (NYSE:MOH)

Chicago Partners Investment Group LLC acquired a new position in Molina Healthcare, Inc. (NYSE:MOH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,201 shares of the company’s stock, valued at approximately $414,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Molina Healthcare by 43.0% during the third quarter. Farther Finance Advisors LLC now owns 409 shares of the company’s stock valued at $141,000 after purchasing an additional 123 shares during the period. Focus Financial Network Inc. grew its holdings in Molina Healthcare by 10.0% during the third quarter. Focus Financial Network Inc. now owns 750 shares of the company’s stock valued at $258,000 after purchasing an additional 68 shares during the period. Cigna Investments Inc. New bought a new position in Molina Healthcare during the third quarter valued at $207,000. Pallas Capital Advisors LLC bought a new position in Molina Healthcare during the third quarter valued at $286,000. Finally, Custom Index Systems LLC grew its holdings in Molina Healthcare by 62.8% during the third quarter. Custom Index Systems LLC now owns 1,123 shares of the company’s stock valued at $387,000 after purchasing an additional 433 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MOH. TD Cowen reduced their price objective on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Wells Fargo & Company raised their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday. Robert W. Baird cut their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price target on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a report on Monday, July 29th. Finally, Truist Financial cut their price target on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $367.17.

Insiders Place Their Bets

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now directly owns 9,473 shares in the company, valued at $3,282,583.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Molina Healthcare Stock Up 1.2 %

Shares of NYSE MOH opened at $330.66 on Tuesday. The firm’s 50-day moving average price is $332.47 and its 200-day moving average price is $327.62. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $18.91 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.11 and a beta of 0.59. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $9.92 billion. During the same period in the prior year, the company posted $5.05 EPS. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, equities research analysts anticipate that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Molina Healthcare 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.