Summit Trail Advisors LLC Makes New Investment in Molina Healthcare, Inc. (NYSE:MOH)

Summit Trail Advisors LLC purchased a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,552 shares of the company’s stock, valued at approximately $452,000.

Several other institutional investors have also modified their holdings of MOH. True Wealth Design LLC lifted its position in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of Molina Healthcare during the fourth quarter valued at approximately $52,000. Capital Performance Advisors LLP bought a new stake in shares of Molina Healthcare during the third quarter valued at approximately $62,000. Finally, AM Squared Ltd boosted its position in shares of Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after buying an additional 100 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Down 4.8 %

Shares of NYSE:MOH opened at $272.66 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.62. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.94 and a beta of 0.54. Molina Healthcare, Inc. has a 1-year low of $272.40 and a 1-year high of $423.92. The company has a 50 day moving average price of $297.17 and a 200 day moving average price of $317.83.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, research analysts anticipate that Molina Healthcare, Inc. will post 24.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MOH has been the topic of several analyst reports. Barclays lowered their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Wells Fargo & Company upped their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Stephens reissued an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Molina Healthcare presently has an average rating of “Hold” and a consensus price target of $355.67.

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.