Bank of Hawaii Buys 54 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Bank of Hawaii grew its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,224 shares of the company’s stock after acquiring an additional 54 shares during the period. Bank of Hawaii’s holdings in Molina Healthcare were worth $422,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in shares of Molina Healthcare during the 2nd quarter worth approximately $36,000. Ashton Thomas Private Wealth LLC bought a new position in Molina Healthcare during the second quarter worth $40,000. Capital Performance Advisors LLP acquired a new stake in Molina Healthcare in the third quarter worth $62,000. AM Squared Ltd bought a new stake in Molina Healthcare in the second quarter valued at $59,000. Finally, UMB Bank n.a. raised its holdings in shares of Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after purchasing an additional 101 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Up 2.5 %

MOH opened at $298.10 on Tuesday. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The firm has a market capitalization of $17.05 billion, a P/E ratio of 15.14, a PEG ratio of 1.00 and a beta of 0.59. The company’s 50-day moving average is $323.09 and its 200 day moving average is $323.71. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $9.92 billion. During the same quarter last year, the business posted $5.05 EPS. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. Research analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MOH shares. Barclays raised 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. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. Wells Fargo & Company increased their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Robert W. Baird lowered 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 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $367.17.

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.