Diversify Advisory Services LLC Takes Position in Molina Healthcare, Inc $MOH

Diversify Advisory Services LLC acquired a new stake in Molina Healthcare, Inc (NYSE:MOH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,525 shares of the company’s stock, valued at approximately $703,000.

Several other hedge funds also recently added to or reduced their stakes in MOH. Torren Management LLC purchased a new stake in Molina Healthcare in the fourth quarter valued at $26,000. Physician Wealth Advisors Inc. grew its holdings in shares of Molina Healthcare by 1,250.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the period. Quarry LP purchased a new position in shares of Molina Healthcare during the 4th quarter worth $32,000. SJS Investment Consulting Inc. increased its position in shares of Molina Healthcare by 504.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock worth $33,000 after purchasing an additional 207 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its position in shares of Molina Healthcare by 118.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock worth $33,000 after purchasing an additional 78 shares during the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MOH has been the topic of several research analyst reports. TD Cowen boosted their price objective on shares of Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Robert W. Baird lifted their price target on shares of Molina Healthcare from $124.00 to $163.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wells Fargo & Company dropped their price target on shares of Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 28th. Wall Street Zen raised shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Jefferies Financial Group set a $230.00 price objective on shares of Molina Healthcare in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare currently has an average rating of “Hold” and a consensus price target of $202.44.

Molina Healthcare Stock Down 1.7%

Shares of NYSE:MOH opened at $197.69 on Friday. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $244.89. The firm’s 50 day moving average price is $211.25 and its 200 day moving average price is $178.42. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of -1,098.22, a price-to-earnings-growth ratio of 28.82 and a beta of 0.75.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The company had revenue of $10.87 billion during the quarter, compared to analysts’ expectations of $10.83 billion. During the same quarter in the previous year, the business posted $5.48 EPS. The firm’s revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts predict that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.