Heartland Advisors Inc. Invests $8.95 Million in Molina Healthcare, Inc $MOH

Key Points

• Heartland Advisors initiated an $8.95 million position in Molina Healthcare during the second quarter, buying 39,140 shares, or approximately 0.07% of the company.
• Molina reported quarterly EPS of $1.51, beating estimates of $1.39, while revenue reached $10.87 billion. However, revenue declined 4.8% year over year and the company posted a slightly negative net margin.
• Analyst sentiment remains cautious: Molina has an overall “Hold” rating and an average price target of $202.44, close to its reported share price of $200.63.

Heartland Advisors Inc. purchased a new stake in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 39,140 shares of the company's stock, valued at approximately $8,951,000. Heartland Advisors Inc. owned about 0.07% of Molina Healthcare at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Elevation Wealth Partners LLC boosted its holdings in Molina Healthcare by 118.2% in 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 last quarter. Torren Management LLC acquired a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $26,000. MUFG Securities EMEA plc acquired a new stake in shares of Molina Healthcare during the 2nd quarter worth approximately $48,000. Global Retirement Partners LLC purchased a new stake in shares of Molina Healthcare during the 2nd quarter valued at approximately $39,000. Finally, Quarry LP purchased a new stake in shares of Molina Healthcare during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Price Performance

MOH stock opened at $200.63 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $10.47 billion, a PE ratio of -1,114.55, a P/E/G ratio of 28.22 and a beta of 0.75. Molina Healthcare, Inc has a 12-month low of $121.06 and a 12-month high of $244.89. The business's fifty day moving average price is $211.25 and its 200 day moving average price is $178.58.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The company had revenue of $10.87 billion during the quarter, compared to analysts' expectations of $10.83 billion. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.Molina Healthcare's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the business posted $5.48 EPS. On average, sell-side analysts anticipate that Molina Healthcare, Inc will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Royal Bank Of Canada lowered their price objective on Molina Healthcare from $248.00 to $218.00 and set a "sector perform" rating for the company in a research report on Friday, July 24th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Molina Healthcare in a research note on Friday, July 24th. JPMorgan Chase & Co. increased their price target on Molina Healthcare from $169.00 to $191.00 and gave the stock a "neutral" rating in a report on Monday, June 8th. Morgan Stanley raised their price objective on Molina Healthcare from $146.00 to $167.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 4th. Finally, Wall Street Zen raised shares of Molina Healthcare from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $202.44.

About Molina Healthcare

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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