Ashford Capital Management Inc. Grows Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Ashford Capital Management Inc. boosted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 11.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,013 shares of the company’s stock after purchasing an additional 510 shares during the period. Ashford Capital Management Inc.’s holdings in Molina Healthcare were worth $1,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Custom Index Systems LLC lifted its holdings in Molina Healthcare by 5.0% in the second quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock valued at $205,000 after acquiring an additional 33 shares during the period. WCM Investment Management LLC boosted its holdings in shares of Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock worth $369,000 after buying an additional 36 shares during the last quarter. Metis Global Partners LLC grew its position in Molina Healthcare by 1.4% during the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after buying an additional 39 shares during the period. AlphaMark Advisors LLC increased its holdings in Molina Healthcare by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company’s stock valued at $1,053,000 after buying an additional 40 shares during the last quarter. Finally, Caprock Group LLC raised its position in Molina Healthcare by 3.3% in the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after acquiring an additional 47 shares during the period. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Up 3.9 %

Shares of NYSE:MOH opened at $306.42 on Tuesday. The stock has a market cap of $17.53 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 1.02 and a beta of 0.54. 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, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The business’s 50 day moving average is $312.65 and its 200 day moving average is $320.14.

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

Analyst Ratings Changes

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

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.