Brooklyn Investment Group Purchases Shares of 333 Molina Healthcare, Inc. (NYSE:MOH)

Brooklyn Investment Group purchased a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) during the third quarter, Holdings Channel reports. The firm purchased 333 shares of the company’s stock, valued at approximately $115,000.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in Molina Healthcare during the second quarter valued at about $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in Molina Healthcare during the second quarter valued at about $40,000. AM Squared Ltd purchased a new stake in Molina Healthcare during the second quarter valued at about $59,000. Capital Performance Advisors LLP purchased a new stake in Molina Healthcare during the third quarter valued at about $62,000. Finally, UMB Bank n.a. raised its position in Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $296.60 on Thursday. The stock’s 50 day simple moving average is $320.71 and its two-hundred day simple moving average is $322.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 1.03 and a beta of 0.59. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week 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, beating the consensus estimate of $5.96 by $0.05. The business had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business’s revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm posted $5.05 EPS. As a group, analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on MOH. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Barclays lifted their price objective on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Robert W. Baird decreased their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. 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. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.