AG2R LA Mondiale Gestion D Actifs Takes $1 Million Position in Molina Healthcare, Inc $MOH

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 3,292 shares of Molina Healthcare, valued at approximately $1,004,000, highlighting growing institutional interest in the stock.
• Following recent performance, several analysts have downgraded their price targets for Molina Healthcare, with UBS Group reducing theirs from $260 to $180, indicating a consensus average price target of $225.18.
• Molina Healthcare reported a Q2 EPS of $5.48, slightly missing analysts' expectations, while achieving a 15.7% year-over-year revenue increase to $11.43 billion.

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,292 shares of the company's stock, valued at approximately $1,004,000.

Several other large investors have also recently modified their holdings of MOH. Price T Rowe Associates Inc. MD increased its stake in shares of Molina Healthcare by 46.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,838,043 shares of the company's stock worth $1,264,214,000 after purchasing an additional 1,216,903 shares in the last quarter. GAMMA Investing LLC grew its stake in Molina Healthcare by 74,593.7% during the first quarter. GAMMA Investing LLC now owns 667,015 shares of the company's stock valued at $219,708,000 after acquiring an additional 666,122 shares in the last quarter. Voloridge Investment Management LLC grew its stake in Molina Healthcare by 1,641.3% during the fourth quarter. Voloridge Investment Management LLC now owns 409,807 shares of the company's stock valued at $119,274,000 after acquiring an additional 386,273 shares in the last quarter. AQR Capital Management LLC grew its stake in Molina Healthcare by 42.7% during the first quarter. AQR Capital Management LLC now owns 884,958 shares of the company's stock valued at $288,125,000 after acquiring an additional 264,664 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Molina Healthcare during the fourth quarter valued at approximately $44,099,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

Insider Buying and Selling

In other news, Director Ronna Romney sold 700 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total transaction of $107,618.00. Following the sale, the director owned 17,131 shares of the company's stock, valued at $2,633,719.94. This trade represents a 3.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO James Woys acquired 10,000 shares of the company's stock in a transaction dated Monday, August 4th. The shares were purchased at an average cost of $155.94 per share, for a total transaction of $1,559,400.00. Following the purchase, the chief operating officer directly owned 74,331 shares in the company, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MOH. Sanford C. Bernstein reduced their price objective on shares of Molina Healthcare from $284.00 to $220.00 and set an "outperform" rating for the company in a research note on Friday, September 5th. UBS Group dropped their target price on shares of Molina Healthcare from $260.00 to $180.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Morgan Stanley lowered shares of Molina Healthcare from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $364.00 to $266.00 in a research report on Thursday, July 10th. Truist Financial reiterated a "hold" rating and set a $180.00 target price (down from $335.00) on shares of Molina Healthcare in a research report on Friday, July 25th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $210.00 target price on shares of Molina Healthcare in a research report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $225.18.

Molina Healthcare Stock Performance

MOH traded up $0.28 during trading on Friday, reaching $179.99. 166,138 shares of the company's stock were exchanged, compared to its average volume of 1,021,387. Molina Healthcare, Inc has a 1 year low of $151.95 and a 1 year high of $359.97. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $9.76 billion, a P/E ratio of 8.86 and a beta of 0.54. The company's fifty day simple moving average is $175.03 and its 200-day simple moving average is $262.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 EPS for the quarter, missing analysts' consensus estimates of $5.50 by ($0.02). The firm had revenue of $11.43 billion for the quarter, compared to analyst estimates of $10.94 billion. Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.Molina Healthcare's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business earned $5.86 EPS. As a group, research analysts predict that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Molina Healthcare Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.