Centric Wealth Management Has $3.94 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Centric Wealth Management lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,084 shares of the company’s stock after selling 126 shares during the quarter. Molina Healthcare makes up approximately 1.0% of Centric Wealth Management’s holdings, making the stock its 24th biggest holding. Centric Wealth Management’s holdings in Molina Healthcare were worth $3,942,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MOH. Renaissance Technologies LLC lifted its position in Molina Healthcare by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock worth $282,343,000 after buying an additional 111,154 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Molina Healthcare by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock worth $140,026,000 after purchasing an additional 84,929 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Molina Healthcare by 36.2% during the second quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock worth $137,810,000 after purchasing an additional 123,121 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Molina Healthcare by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock valued at $134,405,000 after purchasing an additional 10,030 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Molina Healthcare by 9.5% in the second quarter. TD Asset Management Inc now owns 270,996 shares of the company’s stock valued at $80,567,000 after purchasing an additional 23,533 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MOH has been the topic of a number of recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price objective 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. Barclays upped their target price 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. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Robert W. Baird cut their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $367.17.

Molina Healthcare Stock Down 0.1 %

Shares of Molina Healthcare stock opened at $296.60 on Friday. The company has a market capitalization of $16.97 billion, a P/E ratio of 15.06, a price-to-earnings-growth 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 business has a 50-day moving average of $318.47 and a two-hundred day moving average of $322.57. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping 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 the consensus estimate of $9.92 billion. During the same period last year, the company posted $5.05 EPS. The business’s quarterly revenue was up 21.0% on a year-over-year basis. As a group, equities analysts predict that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Molina Healthcare 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.