Quantbot Technologies LP Takes Position in Molina Healthcare, Inc $MOH

Quantbot Technologies LP acquired a new position in shares of Molina Healthcare, Inc (NYSE:MOH) in the 2nd quarter, Holdings Channel reports. The fund acquired 2,562 shares of the company’s stock, valued at approximately $586,000.

A number of other hedge funds have also modified their holdings of MOH. ARGA Investment Management LP lifted its stake in Molina Healthcare by 1.4% in the 1st quarter. ARGA Investment Management LP now owns 4,166 shares of the company’s stock valued at $555,000 after acquiring an additional 59 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Molina Healthcare by 118.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock worth $33,000 after acquiring an additional 78 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Molina Healthcare by 64.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company’s stock worth $40,000 after acquiring an additional 91 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Molina Healthcare by 0.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company’s stock valued at $2,616,000 after purchasing an additional 92 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Molina Healthcare by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 16,753 shares of the company’s stock worth $3,206,000 after purchasing an additional 104 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Down 1.7%

Molina Healthcare stock opened at $198.97 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 moving average is $211.41 and its 200-day moving average is $179.49. The firm has a market capitalization of $10.39 billion, a PE ratio of -1,105.33, a P/E/G ratio of 29.01 and a beta of 0.75. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $244.89.

Molina Healthcare (NYSE:MOH) last issued its earnings results 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. The business had revenue of $10.87 billion during the quarter, compared to the consensus estimate of $10.83 billion. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. Molina Healthcare’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the business posted $5.48 EPS. Sell-side analysts anticipate that Molina Healthcare, Inc will post 5.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Cantor Fitzgerald restated a “neutral” rating on shares of Molina Healthcare in a report on Friday, July 24th. TD Cowen lifted their price target on shares of Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Mizuho set a $215.00 price target on shares of Molina Healthcare in a research report on Monday, June 8th. Robert W. Baird increased their price objective on shares of Molina Healthcare from $124.00 to $163.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, UBS Group raised their price objective on Molina Healthcare from $180.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock 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.