Pallas Capital Advisors LLC Boosts Stake in Molina Healthcare, Inc. (NYSE:MOH)

Pallas Capital Advisors LLC raised its position in Molina Healthcare, Inc. (NYSE:MOH) by 132.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,059 shares of the company’s stock after buying an additional 1,175 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Molina Healthcare were worth $599,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC increased its position in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Molina Healthcare during the second quarter worth approximately $40,000. Versant Capital Management Inc increased its position 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 worth $47,000 after acquiring an additional 74 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Molina Healthcare in the third quarter worth $62,000. Finally, UMB Bank n.a. raised its stake in shares of Molina Healthcare by 96.2% in the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after acquiring an additional 101 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $294.20 on Wednesday. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market cap of $16.83 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.04 and a beta of 0.54. The stock has a 50 day moving average of $299.60 and a 200-day moving average of $317.30.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. The firm had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.05 EPS. On average, analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MOH has been the subject of several recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. Barclays increased their target price on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird decreased their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $359.18.

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.