Ballentine Partners LLC Purchases 226 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Ballentine Partners LLC boosted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,163 shares of the company’s stock after buying an additional 226 shares during the period. Ballentine Partners LLC’s holdings in Molina Healthcare were worth $921,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC raised 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 purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc increased its holdings in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after buying an additional 74 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Molina Healthcare in the 3rd quarter worth about $62,000. UMB Bank n.a. lifted its stake in Molina Healthcare by 96.2% during the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after acquiring an additional 101 shares during the period. Finally, AM Squared Ltd boosted its holdings in shares of Molina Healthcare by 50.0% during the 3rd quarter. AM Squared Ltd now owns 300 shares of the company’s stock valued at $103,000 after acquiring an additional 100 shares during the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MOH. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company lifted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Barclays upped their price objective on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and a consensus target price of $359.18.

Molina Healthcare Price Performance

NYSE MOH opened at $302.63 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The stock has a market cap of $17.31 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 0.89 and a beta of 0.54. The company’s 50 day moving average is $295.43 and its two-hundred day moving average is $316.99.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. The firm had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company’s revenue was up 21.0% on a year-over-year basis. During the same period last year, the firm earned $5.05 EPS. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current 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.