Bank of New York Mellon Corp Buys New Holdings in Molina Healthcare, Inc $MOH

Key Points

• Bank of New York Mellon acquired 376,642 Molina Healthcare shares worth approximately $86.1 million, representing about 0.72% of the company. Institutional investors collectively own 98.5% of MOH.
• Molina Healthcare exceeded quarterly expectations, reporting $1.51 in EPS versus the $1.39 consensus and $10.87 billion in revenue, though revenue declined 4.8% year over year.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $202.44; MOH recently opened at $199.79.

Bank of New York Mellon Corp acquired a new stake in Molina Healthcare, Inc (NYSE:MOH - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 376,642 shares of the company's stock, valued at approximately $86,138,000. Bank of New York Mellon Corp owned approximately 0.72% of Molina Healthcare at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MOH. Baird Financial Group Inc. bought a new position in shares of Molina Healthcare during the first quarter valued at about $210,000. NewEdge Advisors LLC increased its stake in Molina Healthcare by 33.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,106 shares of the company's stock valued at $364,000 after buying an additional 277 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Molina Healthcare by 713.3% in the first quarter. Jones Financial Companies Lllp now owns 1,651 shares of the company's stock worth $544,000 after purchasing an additional 1,448 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Molina Healthcare by 19.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,466 shares of the company's stock worth $82,172,000 after buying an additional 40,531 shares during the last quarter. Finally, Woodline Partners LP purchased a new position in shares of Molina Healthcare in the 1st quarter worth about $1,541,000. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Price Performance

NYSE:MOH opened at $199.79 on Wednesday. Molina Healthcare, Inc has a 52-week low of $121.06 and a 52-week high of $244.89. The stock has a fifty day moving average of $211.20 and a 200 day moving average of $178.83. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of -1,109.88, a P/E/G ratio of 28.44 and a beta of 0.75.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The business had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The company's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $5.48 EPS. On average, research analysts expect that Molina Healthcare, Inc will post 5.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on MOH. Cantor Fitzgerald reiterated a "neutral" rating on shares of Molina Healthcare in a research note on Friday, July 24th. TD Cowen increased their price target on Molina Healthcare from $163.00 to $230.00 and gave the stock a "hold" rating in a research note on Tuesday, July 14th. Robert W. Baird increased their target price on shares of Molina Healthcare from $124.00 to $163.00 and gave the stock a "neutral" rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Molina Healthcare from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Finally, UBS Group lifted their target price 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. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $202.44.

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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