Bank of Montreal Can Raises Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Bank of Montreal Can boosted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,718 shares of the company’s stock after purchasing an additional 3,742 shares during the period. Bank of Montreal Can owned about 0.11% of Molina Healthcare worth $21,441,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Innealta Capital LLC purchased a new position in shares of Molina Healthcare in the 2nd quarter worth about $36,000. Ashton Thomas Private Wealth LLC purchased a new position in Molina Healthcare in the second quarter valued at about $40,000. Capital Performance Advisors LLP bought a new position in shares of Molina Healthcare during the 3rd quarter valued at approximately $62,000. AM Squared Ltd purchased a new stake in shares of Molina Healthcare during the 2nd quarter worth approximately $59,000. Finally, UMB Bank n.a. lifted its stake in Molina Healthcare by 96.2% in 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 during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Up 0.5 %

Shares of MOH opened at $298.19 on Friday. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a market capitalization of $17.06 billion, a P/E ratio of 15.14, a P/E/G ratio of 1.02 and a beta of 0.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The firm’s 50 day simple moving average is $317.40 and its 200 day simple moving average is $322.19.

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. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $9.92 billion. During the same quarter last year, the company posted $5.05 EPS. The business’s quarterly revenue was up 21.0% on a year-over-year basis. Sell-side analysts forecast that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

MOH has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird lowered 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. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Barclays boosted their price target on shares of 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, StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. One 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 MarketBeat, Molina Healthcare currently has an average rating of “Moderate Buy” and a consensus target price of $367.17.

Molina Healthcare Company 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.