Diversify Advisory Services LLC Acquires Shares of 3,525 Molina Healthcare, Inc $MOH

Diversify Advisory Services LLC acquired a new stake in Molina Healthcare, Inc (NYSE:MOH) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,525 shares of the company’s stock, valued at approximately $703,000.

Several other large investors have also made changes to their positions in the business. Wealthfront Advisers LLC acquired a new stake in Molina Healthcare in the 2nd quarter valued at $782,000. Meeder Advisory Services Inc. acquired a new position in Molina Healthcare during the second quarter worth $355,000. Citizens Financial Group Inc. RI acquired a new position in Molina Healthcare during the second quarter worth $1,118,000. Texas Capital Bank Wealth Management Services Inc purchased a new position in Molina Healthcare during the second quarter valued at $250,000. Finally, BlackRock Inc. purchased a new position in Molina Healthcare during the second quarter valued at $1,503,052,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Trading Down 1.7%

MOH opened at $197.69 on Friday. 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 company’s 50 day simple moving average is $211.25 and its two-hundred day simple moving average is $178.42. Molina Healthcare, Inc has a 1-year low of $121.06 and a 1-year high of $244.89. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of -1,098.22, a price-to-earnings-growth ratio of 28.82 and a beta of 0.75.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. The business had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.48 EPS. Analysts expect that Molina Healthcare, Inc will post 5.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on MOH shares. Morgan Stanley boosted their target price on shares of Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Truist Financial decreased their price target on shares of Molina Healthcare from $250.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Robert W. Baird lifted their price objective on Molina Healthcare from $124.00 to $163.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Mizuho set a $215.00 price objective on Molina Healthcare in a research note on Monday, June 8th. Finally, Wall Street Zen raised Molina Healthcare from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $202.44.

Molina Healthcare Company Profile

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.