Deutsche Bank AG Takes Position in Molina Healthcare, Inc $MOH

Deutsche Bank AG acquired a new position in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 197,957 shares of the company's stock, valued at approximately $45,273,000. Deutsche Bank AG owned about 0.38% of Molina Healthcare as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 7G Capital Management LLC bought a new position in Molina Healthcare during the 4th quarter worth approximately $1,735,000. BNP Paribas Financial Markets boosted its stake in shares of Molina Healthcare by 63.0% in the 4th quarter. BNP Paribas Financial Markets now owns 439,371 shares of the company's stock valued at $76,248,000 after purchasing an additional 169,739 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Molina Healthcare by 394.1% during the second quarter. Assenagon Asset Management S.A. now owns 156,632 shares of the company's stock worth $35,822,000 after buying an additional 124,929 shares during the period. M&T Bank Corp lifted its holdings in Molina Healthcare by 451.1% in the fourth quarter. M&T Bank Corp now owns 42,455 shares of the company's stock valued at $7,368,000 after buying an additional 34,751 shares during the period. Finally, Aurora Investment Managers LLC. acquired a new position in Molina Healthcare in the first quarter valued at $2,349,000. Institutional investors own 98.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Bank of America raised shares of Molina Healthcare from an "underperform" rating to a "buy" rating and set a $250.00 target price on the stock in a research note on Wednesday, April 29th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Molina Healthcare in a report on Friday, July 24th. Weiss Ratings lowered Molina Healthcare from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, July 24th. UBS Group increased their target price on Molina Healthcare from $180.00 to $202.00 and gave the stock a "neutral" rating in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Molina Healthcare from $169.00 to $191.00 and gave the company a "neutral" rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $202.44.

Molina Healthcare Stock Performance

NYSE MOH opened at $200.63 on Friday. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $244.89. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The company has a fifty day moving average price of $211.25 and a 200-day moving average price of $178.58. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of -1,114.55, a PEG ratio of 28.22 and a beta of 0.75.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $10.87 billion during the quarter, compared to analyst estimates of $10.83 billion. During the same quarter last year, the business posted $5.48 EPS. The company's revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities research analysts predict that Molina Healthcare, Inc will post 5.29 EPS 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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