Citizens Financial Group Inc. RI Invests $1.12 Million in Molina Healthcare, Inc $MOH

Citizens Financial Group Inc. RI bought a new stake in Molina Healthcare, Inc (NYSE:MOH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,888 shares of the company’s stock, valued at approximately $1,118,000.

Other large investors also recently made changes to their positions in the company. Baird Financial Group Inc. bought a new position in shares of Molina Healthcare during the 1st quarter worth approximately $210,000. NewEdge Advisors LLC increased its position in shares of Molina Healthcare by 33.4% during the first quarter. NewEdge Advisors LLC now owns 1,106 shares of the company’s stock valued at $364,000 after acquiring an additional 277 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Molina Healthcare by 713.3% during the first quarter. Jones Financial Companies Lllp now owns 1,651 shares of the company’s stock valued at $544,000 after acquiring an additional 1,448 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Molina Healthcare by 19.4% during the first quarter. Goldman Sachs Group Inc. now owns 249,466 shares of the company’s stock worth $82,172,000 after acquiring an additional 40,531 shares during the period. Finally, Woodline Partners LP bought a new stake in Molina Healthcare during the first quarter worth $1,541,000. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Up 0.3%

Shares of NYSE MOH opened at $203.68 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $10.63 billion, a PE ratio of -1,131.50, a P/E/G ratio of 30.44 and a beta of 0.75. Molina Healthcare, Inc has a one year low of $121.06 and a one year high of $244.89. The business’s fifty day moving average price is $211.08 and its 200-day moving average price is $178.17.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MOH shares. Wall Street Zen upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Sanford C. Bernstein set a $286.00 target price on Molina Healthcare in a research note on Monday, July 13th. Jefferies Financial Group set a $230.00 price target on shares of Molina Healthcare in a report on Tuesday, July 14th. Barclays decreased their price objective on shares of Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating for the company in a report on Friday, July 24th. Finally, TD Cowen boosted their target price on shares of Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven 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 price target of $202.44.

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.