Hsbc Holdings PLC Has $31.53 Million Stake in Molina Healthcare, Inc $MOH

Key Points

• Hsbc Holdings PLC increased its Molina Healthcare stake by 4.5% in the second quarter, owning 138,117 shares valued at approximately $31.53 million. Institutional investors and hedge funds collectively own 98.5% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating from MarketBeat and an average price target of $202.44; three analysts rate the stock a Buy, 12 a Hold, and two a Sell.
• Molina Healthcare opened at $200.50 and recently reported quarterly EPS of $1.51, beating estimates of $1.39, while revenue of $10.87 billion declined 4.8% year over year.

Hsbc Holdings PLC lifted its stake in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 4.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,117 shares of the company's stock after purchasing an additional 5,958 shares during the quarter. Hsbc Holdings PLC owned 0.26% of Molina Healthcare worth $31,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in Molina Healthcare by 11.9% in the 2nd quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company's stock valued at $289,810,000 after buying an additional 135,247 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in shares of Molina Healthcare during the 2nd quarter valued at $409,000. Empowered Funds LLC acquired a new stake in shares of Molina Healthcare during the 2nd quarter valued at $11,073,000. United Capital Financial Advisors LLC purchased a new position in shares of Molina Healthcare during the 2nd quarter valued at $399,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Molina Healthcare during the 2nd quarter valued at $3,663,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MOH has been the topic of a number of research reports. UBS Group upped their price target 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. Zacks Research downgraded Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 21st. Royal Bank Of Canada dropped their target price on Molina Healthcare from $248.00 to $218.00 and set a "sector perform" rating on the stock 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. Finally, Morgan Stanley raised their price target on Molina Healthcare from $146.00 to $167.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $202.44.

Molina Healthcare Stock Down 0.1%

MOH stock opened at $200.50 on Tuesday. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of -1,113.83, a price-to-earnings-growth ratio of 28.78 and a beta of 0.75. The company has a 50-day moving average of $210.22 and a two-hundred day moving average of $183.01. Molina Healthcare, Inc has a 52-week low of $121.06 and a 52-week 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.

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, topping analysts' consensus estimates 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 business had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. During the same period in the previous year, the company posted $5.48 earnings per share. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities research analysts anticipate that Molina Healthcare, Inc will post 5.29 EPS for the current year.

Molina Healthcare 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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