167,323 Shares in Molina Healthcare, Inc $MOH Purchased by Ieq Capital LLC

Key Points

• Ieq Capital LLC purchased 167,323 shares of Molina Healthcare in the second quarter, worth approximately $38.3 million and representing 0.32% of the company. Institutional investors and hedge funds collectively own 98.5% of MOH.
• Analyst sentiment remains mixed: MOH has a consensus “Hold” rating from MarketBeat, with one Strong Buy, three Buy, eleven Hold, and two Sell ratings. The average price target is $202.44.
• Molina Healthcare exceeded quarterly earnings expectations, reporting $1.51 in EPS versus the $1.39 consensus and $10.87 billion in revenue, although revenue declined 4.8% year over year.

Ieq Capital LLC bought a new stake in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 167,323 shares of the company's stock, valued at approximately $38,267,000. Ieq Capital LLC owned 0.32% of Molina Healthcare at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Molina Healthcare during the second quarter worth about $1,503,052,000. AQR Capital Management LLC boosted 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. grew its holdings in shares of Molina Healthcare by 10.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,171,433 shares of the company's stock valued at $376,831,000 after purchasing an additional 201,772 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Molina Healthcare by 24.2% in the fourth quarter. Invesco Ltd. now owns 1,690,981 shares of the company's stock valued at $293,453,000 after purchasing an additional 329,679 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Molina Healthcare by 46.4% during the 4th 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

MOH has been the topic of a number of research reports. Sanford C. Bernstein set a $286.00 target price on shares of Molina Healthcare in a report on Monday, July 13th. Zacks Research raised Molina Healthcare from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. TD Cowen upped their price objective on Molina Healthcare from $163.00 to $230.00 and gave the stock a "hold" rating in a research report on Tuesday, July 14th. Bank of America upgraded Molina Healthcare from an "underperform" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Wednesday, April 29th. Finally, Robert W. Baird lifted their target price on Molina Healthcare from $124.00 to $163.00 and gave the company a "neutral" rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $202.44.

Molina Healthcare Stock Up 1.9%

Shares of NYSE:MOH opened at $200.63 on Friday. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $244.89. The firm's 50 day moving average price is $211.25 and its 200 day moving average price is $178.58. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of -1,114.55, a price-to-earnings-growth ratio of 28.22 and a beta of 0.75.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The company had revenue of $10.87 billion during the quarter, compared to analysts' expectations of $10.83 billion. During the same quarter in the previous year, the business posted $5.48 EPS. The firm's revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts predict 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.

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