Chicago Partners Investment Group LLC Buys New Position in Molina Healthcare, Inc $MOH

Chicago Partners Investment Group LLC purchased a new position in shares of Molina Healthcare, Inc (NYSE:MOH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,890 shares of the company’s stock, valued at approximately $936,000.

Several other large investors have also modified their holdings of the company. Merit Financial Group LLC boosted its holdings in Molina Healthcare by 289.3% in the 3rd quarter. Merit Financial Group LLC now owns 11,735 shares of the company’s stock valued at $2,246,000 after purchasing an additional 8,721 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Molina Healthcare by 245.3% in the 3rd quarter. Cerity Partners LLC now owns 80,608 shares of the company’s stock valued at $15,425,000 after buying an additional 57,266 shares during the period. Gibraltar Capital Management Inc. acquired a new stake in shares of Molina Healthcare in the 3rd quarter valued at approximately $6,709,000. Brighton Jones LLC boosted its stake in shares of Molina Healthcare by 189.5% in the third quarter. Brighton Jones LLC now owns 13,148 shares of the company’s stock valued at $2,516,000 after buying an additional 8,607 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Molina Healthcare by 71.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 80,559 shares of the company’s stock worth $23,999,000 after acquiring an additional 33,587 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Molina Healthcare news, Director Richard M. Schapiro sold 357 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $143.02, for a total transaction of $51,058.14. Following the completion of the transaction, the director owned 11,352 shares of the company’s stock, valued at approximately $1,623,563.04. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on MOH. Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Wells Fargo & Company increased their price target on shares of Molina Healthcare from $165.00 to $208.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft set a $165.00 price objective on shares of Molina Healthcare in a report on Friday, October 24th. TD Cowen cut shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 target price for the company. in a report on Thursday, October 16th. Finally, Mizuho set a $220.00 price target on shares of Molina Healthcare in a research report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Molina Healthcare currently has an average rating of “Hold” and an average target price of $193.47.

Molina Healthcare Stock Performance

Shares of MOH opened at $202.05 on Friday. Molina Healthcare, Inc has a 12-month low of $133.40 and a 12-month high of $359.97. The stock has a market cap of $10.95 billion, a P/E ratio of 12.51 and a beta of 0.49. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average of $166.11 and a two-hundred day moving average of $173.29.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The business had revenue of $11.48 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the business earned $6.01 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts predict that Molina Healthcare, Inc will post 24.4 EPS 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.