6,572,156 Shares in Molina Healthcare, Inc $MOH Acquired by BlackRock Inc.

Key Points

• BlackRock acquired 6.57 million Molina Healthcare shares worth approximately $1.50 billion, giving it a 12.59% stake as of the second quarter.
• Institutional investors and hedge funds collectively own 98.5% of Molina Healthcare, while several analysts recently adjusted price targets. The analyst consensus is “Hold,” with an average target of $202.44.
• Molina reported quarterly earnings of $1.51 per share, beating estimates of $1.39, while revenue reached $10.87 billion. However, revenue declined 4.8% year over year, and the stock opened at $197.69, down 1.7%.

BlackRock Inc. purchased a new position in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,572,156 shares of the company's stock, valued at approximately $1,503,052,000. BlackRock Inc. owned approximately 12.59% of Molina Healthcare at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Torren Management LLC bought a new stake in Molina Healthcare in the fourth quarter valued at $26,000. Physician Wealth Advisors Inc. increased its holdings in shares of Molina Healthcare by 1,250.0% in the 1st 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 period. Quarry LP acquired a new position in Molina Healthcare during the 4th quarter valued at about $32,000. SJS Investment Consulting Inc. grew its position in Molina Healthcare by 504.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company's stock worth $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% 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 during the period. Institutional investors and hedge funds own 98.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Molina Healthcare from $180.00 to $202.00 and gave the stock a "neutral" rating in a research note on Friday, May 22nd. Wells Fargo & Company decreased their price target on shares of Molina Healthcare from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 28th. Wall Street Zen raised Molina Healthcare from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Mizuho set a $215.00 price objective on Molina Healthcare in a research report on Monday, June 8th. Finally, Royal Bank Of Canada decreased their target price 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $202.44.

Molina Healthcare Stock Down 1.7%

Molina Healthcare stock opened at $197.69 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $211.25 and a 200 day simple moving average of $178.42. The company has a market cap of $10.32 billion, a P/E ratio of -1,098.22, a price-to-earnings-growth ratio of 28.82 and a beta of 0.75. Molina Healthcare, Inc has a 1-year low of $121.06 and a 1-year high of $244.89.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $10.83 billion. During the same period in the previous year, the business earned $5.48 earnings per share. The firm's quarterly revenue was down 4.8% on a year-over-year basis. Research 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.

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