Canada Pension Plan Investment Board purchased a new position in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 50,110 shares of the company's stock, valued at approximately $11,460,000. Canada Pension Plan Investment Board owned approximately 0.10% of Molina Healthcare at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. ARGA Investment Management LP raised its holdings in Molina Healthcare by 1.4% during the first quarter. ARGA Investment Management LP now owns 4,166 shares of the company's stock worth $555,000 after purchasing an additional 59 shares in the last quarter. Elevation Wealth Partners LLC increased its position in shares of Molina Healthcare by 118.2% during the 2nd 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. Caitong International Asset Management Co. Ltd raised its stake in shares of Molina Healthcare by 64.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company's stock worth $40,000 after buying an additional 91 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Molina Healthcare by 0.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company's stock worth $2,616,000 after buying an additional 92 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings 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 buying an additional 104 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.
Molina Healthcare Trading Up 0.6%
NYSE:MOH opened at $200.03 on Friday. The stock has a fifty day simple moving average of $211.49 and a 200 day simple moving average of $179.63. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of -1,111.22, a price-to-earnings-growth ratio of 28.66 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. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95.
Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The firm had revenue of $10.87 billion for the quarter, compared to the consensus estimate of $10.83 billion. During the same quarter in the previous year, the company earned $5.48 EPS. The business's revenue for the quarter was down 4.8% compared to the same quarter last year. Sell-side analysts forecast that Molina Healthcare, Inc will post 5.29 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on MOH. Barclays lowered their target price on Molina Healthcare from $184.00 to $180.00 and set an "underweight" rating on the stock in a report on Friday, July 24th. Wells Fargo & Company lowered their price objective on shares of Molina Healthcare from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 28th. Wall Street Zen downgraded shares of Molina Healthcare from a "hold" rating to a "sell" rating in a report on Saturday. Zacks Research lowered shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 21st. Finally, Jefferies Financial Group set a $230.00 target price on shares of Molina Healthcare in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $202.44.
Check Out Our Latest Research Report on MOH
Molina Healthcare Profile
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Free Report)
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.
Further Reading
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