Algert Global LLC Raises Stake in Molina Healthcare, Inc $MOH

Algert Global LLC increased its position in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 35.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,240 shares of the company's stock after purchasing an additional 13,690 shares during the period. Algert Global LLC owned 0.10% of Molina Healthcare worth $11,947,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ARGA Investment Management LP boosted its holdings in Molina Healthcare by 1.4% in the 1st quarter. ARGA Investment Management LP now owns 4,166 shares of the company's stock worth $555,000 after buying an additional 59 shares during the period. Elevation Wealth Partners LLC raised its holdings in Molina Healthcare by 118.2% during the second quarter. Elevation Wealth Partners LLC now owns 144 shares of the company's stock valued at $33,000 after acquiring an additional 78 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Molina Healthcare by 64.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company's stock valued at $40,000 after acquiring an additional 91 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Molina Healthcare by 0.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company's stock valued at $2,616,000 after acquiring an additional 92 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Molina Healthcare by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 16,753 shares of the company's stock valued at $3,206,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MOH. Barclays cut their target price on Molina Healthcare from $184.00 to $180.00 and set an "underweight" rating for the company in a research report on Friday, July 24th. Morgan Stanley increased their price objective on shares of Molina Healthcare from $146.00 to $167.00 and gave the company an "equal weight" rating in a report on Thursday, June 4th. Wall Street Zen upgraded shares of Molina Healthcare from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. boosted their target price on shares of Molina Healthcare from $169.00 to $191.00 and gave the stock a "neutral" rating in a report on Monday, June 8th. Finally, Sanford C. Bernstein set a $286.00 target price on shares of Molina Healthcare in a research report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Molina Healthcare has a consensus rating of "Hold" and a consensus target price of $202.44.

Molina Healthcare Trading Up 0.6%

MOH stock opened at $199.79 on Wednesday. The firm has a fifty day moving average price of $211.20 and a 200 day moving average price of $178.83. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $244.89. The firm has a market cap of $10.43 billion, a PE ratio of -1,109.88, a price-to-earnings-growth ratio of 28.44 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 (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $10.83 billion. During the same quarter in the prior year, the firm earned $5.48 earnings per share. Molina Healthcare's revenue was down 4.8% on a year-over-year basis. Sell-side analysts anticipate that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

Molina Healthcare Company 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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