Hsbc Holdings PLC Takes Position in Molina Healthcare, Inc $MOH

Hsbc Holdings PLC purchased a new position in shares of Molina Healthcare, Inc (NYSE:MOH) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 138,117 shares of the company’s stock, valued at approximately $31,533,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Torren Management LLC purchased a new position in Molina Healthcare during the 4th quarter valued at about $26,000. Physician Wealth Advisors Inc. lifted its holdings 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 valued at $29,000 after purchasing an additional 200 shares in the last quarter. Quarry LP acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at approximately $32,000. SJS Investment Consulting Inc. grew its position in shares of Molina Healthcare by 504.9% in 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 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 purchasing an additional 78 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Stock Down 1.7%

Shares of NYSE MOH opened at $198.97 on Friday. The firm has a market cap of $10.39 billion, a P/E ratio of -1,105.33, a price-to-earnings-growth ratio of 29.01 and a beta of 0.75. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $244.89. The firm’s 50 day moving average price is $211.41 and its 200 day moving average price is $179.49.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. The company had revenue of $10.87 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $5.48 EPS. As a group, sell-side analysts anticipate that Molina Healthcare, Inc will post 5.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MOH has been the subject of several research reports. Mizuho set a $215.00 price objective on Molina Healthcare in a research report on Monday, June 8th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Molina Healthcare in a report on Friday, July 24th. Robert W. Baird raised their price target on Molina Healthcare from $124.00 to $163.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Jefferies Financial Group set a $230.00 price target on Molina Healthcare in a report on Tuesday, July 14th. Finally, Wall Street Zen raised Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $202.44.

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.