Maple Rock Capital Partners Inc. Grows Position in Molina Healthcare, Inc $MOH

Maple Rock Capital Partners Inc. raised its holdings in Molina Healthcare, Inc (NYSE:MOH) by 43.4% in the second quarter, Holdings Channel.com reports. The fund owned 243,300 shares of the company’s stock after buying an additional 73,600 shares during the quarter. Molina Healthcare makes up 1.1% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 29th largest position. Maple Rock Capital Partners Inc.’s holdings in Molina Healthcare were worth $55,643,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Molina Healthcare during the 2nd quarter worth $1,503,052,000. AQR Capital Management LLC lifted its stake in shares of Molina Healthcare by 217.0% in the third quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company’s stock valued at $561,475,000 after purchasing an additional 2,008,458 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Molina Healthcare by 10.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,171,433 shares of the company’s stock worth $376,831,000 after buying an additional 201,772 shares in the last quarter. Invesco Ltd. grew its position in Molina Healthcare by 24.2% during the fourth quarter. Invesco Ltd. now owns 1,690,981 shares of the company’s stock worth $293,453,000 after buying an additional 329,679 shares during the period. Finally, Victory Capital Management Inc. grew its position in Molina Healthcare by 46.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,410,604 shares of the company’s stock worth $244,796,000 after buying an additional 447,078 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Trading Down 0.8%

Shares of MOH opened at $198.43 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. Molina Healthcare, Inc has a 1-year low of $121.06 and a 1-year high of $244.89. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of -1,102.33, a price-to-earnings-growth ratio of 28.66 and a beta of 0.75. The firm has a 50 day simple moving average of $211.51 and a 200-day simple moving average of $180.52.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. The firm 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%.Molina Healthcare’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.48 EPS. Equities analysts forecast that Molina Healthcare, Inc will post 5.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MOH shares. Wells Fargo & Company decreased their price target on Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 28th. Mizuho set a $215.00 price objective on Molina Healthcare in a research note on Monday, June 8th. Robert W. Baird boosted their target price on Molina Healthcare from $124.00 to $163.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings lowered Molina Healthcare from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, August 26th. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Molina Healthcare in a report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and an average target price 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.