6,887 Molina Healthcare, Inc $MOH Shares Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners increased its Molina Healthcare stake by 203% in the third quarter, buying 6,887 shares to own 10,279 shares valued at about $1.94 million. Institutional investors and hedge funds collectively held 98.5% of the stock.
• Analyst sentiment was mostly neutral: 13 analysts rated MOH a Hold, compared with three Buy and two Sell ratings. The average price target was $213.88.
• Molina reported quarterly EPS of $0.89, beating the $0.79 consensus, and revenue of $11.08 billion, above estimates; revenue nevertheless declined 3.4% year over year.

CenterBook Partners LP raised its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 203.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,279 shares of the company's stock after purchasing an additional 6,887 shares during the period. CenterBook Partners LP's holdings in Molina Healthcare were worth $1,944,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MOH. BlackRock Inc. purchased a new stake in shares of Molina Healthcare during the second quarter worth about $1,503,052,000. Wellington Management Group LLP lifted its stake in shares of Molina Healthcare by 11.9% during the second quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company's stock valued at $289,810,000 after buying an additional 135,247 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Molina Healthcare by 23.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company's stock valued at $185,929,000 after buying an additional 267,121 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of Molina Healthcare during the second quarter valued at approximately $152,339,000. Finally, Bank of New York Mellon Corp acquired a new stake in Molina Healthcare during the second quarter worth approximately $86,138,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on MOH. Jefferies Financial Group reaffirmed a "hold" rating and issued a $220.00 target price on shares of Molina Healthcare in a research note on Friday, October 23rd. Weiss Ratings upgraded Molina Healthcare from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, October 21st. Barclays reduced their price target on Molina Healthcare from $180.00 to $178.00 and set an "underweight" rating on the stock in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $163.00 price objective on shares of Molina Healthcare in a report on Monday, October 26th. Finally, Wells Fargo & Company decreased their price objective on Molina Healthcare from $235.00 to $220.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $213.88.

Molina Healthcare Trading Down 0.0%

NYSE MOH opened at $208.92 on Monday. Molina Healthcare, Inc has a 12 month low of $121.06 and a 12 month high of $244.89. The company has a 50-day moving average of $201.96 and a 200-day moving average of $185.41. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $10.91 billion, a P/E ratio of -217.62, a P/E/G ratio of 12.33 and a beta of 0.74.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. Molina Healthcare had a negative net margin of 0.11% and a positive return on equity of 2.50%. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $10.86 billion. During the same period in the prior year, the firm posted $1.84 EPS. The company's revenue was down 3.4% on a year-over-year basis. As a group, equities analysts predict that Molina Healthcare, Inc will post 5.30 earnings per share for the current year.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company that provides health insurance plans primarily to people covered by government-sponsored programs. Its offerings include Medicaid plans, Medicare plans for eligible individuals and dual-eligible members, and health plans sold through government marketplaces under the Affordable Care Act.

The company was founded in 1980 by physician C. David Molina in Long Beach, California, initially serving low-income families through community clinics.

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