Integrated Wealth Concepts LLC Has $3.58 Million Stock Holdings in Molina Healthcare, Inc $MOH

Key Points

• Integrated Wealth Concepts LLC increased its Molina Healthcare stake by 56.9% in the second quarter, holding 15,669 shares valued at approximately $3.58 million. Institutional investors and hedge funds collectively own 98.5% of MOH.
• Molina Healthcare reported quarterly EPS of $1.51, exceeding estimates of $1.39, while revenue reached $10.87 billion. However, revenue declined 4.8% year over year, and analysts expect full-year EPS of $5.29.
• MOH shares opened at $204.14, near the analyst consensus price target of $202.44. Analyst sentiment is generally neutral, with three Buy ratings, twelve Holds, and two Sells.

Integrated Wealth Concepts LLC lifted its holdings in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 56.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 15,669 shares of the company's stock after acquiring an additional 5,681 shares during the period. Integrated Wealth Concepts LLC's holdings in Molina Healthcare were worth $3,584,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in MOH. 7G Capital Management LLC acquired a new position in shares of Molina Healthcare in the 4th quarter worth approximately $1,735,000. BNP Paribas Financial Markets boosted its stake in 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 buying an additional 169,739 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Molina Healthcare by 394.1% in the second quarter. Assenagon Asset Management S.A. now owns 156,632 shares of the company's stock valued at $35,822,000 after acquiring an additional 124,929 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Molina Healthcare in the second quarter valued at $22,656,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in Molina Healthcare during the second quarter worth $2,477,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

Shares of MOH stock opened at $204.14 on Monday. Molina Healthcare, Inc has a 52 week low of $121.06 and a 52 week high of $244.89. The stock has a market capitalization of $10.66 billion, a PE ratio of -1,134.06, a PEG ratio of 29.27 and a beta of 0.75. 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 stock's fifty day moving average is $207.76 and its 200-day moving average is $184.40.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $10.83 billion. During the same period in the previous year, the business posted $5.48 earnings per share. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. Equities 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 analysts have issued reports on MOH shares. Sanford C. Bernstein set a $286.00 price objective on Molina Healthcare in a report on Monday, July 13th. Mizuho set a $215.00 target price on shares of Molina Healthcare in a report on Monday, June 8th. Royal Bank Of Canada dropped their target price on shares of 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. Morgan Stanley lifted their price target on shares of Molina Healthcare from $146.00 to $167.00 and gave the company an "equal weight" rating in a report on Thursday, June 4th. Finally, Weiss Ratings upgraded shares of Molina Healthcare from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday. Three investment 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.com, the stock presently has an average rating of "Hold" and a consensus target price of $202.44.

Molina Healthcare Profile

Molina Healthcare, Inc is a managed care company that provides health insurance and related services through government-sponsored programs. Its primary lines of business include Medicaid, Medicare, and Affordable Care Act Marketplace plans, with a focus on serving low-income individuals, families, seniors, and people with complex medical needs.

The company offers health plans that coordinate medical, behavioral health, pharmacy, and other care services through contracted provider networks.

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