2,562 Shares in Molina Healthcare, Inc $MOH Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Molina Healthcare, Inc (NYSE:MOH) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,562 shares of the company’s stock, valued at approximately $586,000.

Several other large investors also recently made changes to their positions in MOH. Torren Management LLC acquired a new position in Molina Healthcare during the 4th quarter worth about $26,000. Physician Wealth Advisors Inc. raised its stake in shares of Molina Healthcare by 1,250.0% in the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Quarry LP acquired a new position in shares of Molina Healthcare during the fourth quarter worth approximately $32,000. SJS Investment Consulting Inc. grew its stake in shares of Molina Healthcare by 504.9% during the first quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock valued at $33,000 after purchasing an additional 207 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Molina Healthcare by 118.2% in the second quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock valued at $33,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group increased their price objective on Molina Healthcare from $180.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Royal Bank Of Canada decreased their price target on Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Truist Financial lowered their price objective on Molina Healthcare from $250.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Jefferies Financial Group set a $230.00 price objective on Molina Healthcare in a report on Tuesday, July 14th. Finally, Zacks Research downgraded shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and a consensus target price of $202.44.

Molina Healthcare Trading Down 1.7%

NYSE MOH opened at $198.97 on Friday. Molina Healthcare, Inc has a one year low of $121.06 and a one year high of $244.89. 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 firm has a market cap of $10.39 billion, a P/E ratio of -1,105.33, a P/E/G ratio of 29.01 and a beta of 0.75. The stock’s 50-day moving average is $211.41 and its 200-day moving average is $179.49.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.87 billion during the quarter, compared to analyst estimates of $10.83 billion. During the same period in the previous year, the firm earned $5.48 EPS. Molina Healthcare’s quarterly revenue was down 4.8% compared to the same quarter last year. Sell-side analysts anticipate that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

Molina Healthcare 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.