Jupiter Topco LLC Takes Position in Molina Healthcare, Inc $MOH

Key Points

• Jupiter Topco LLC acquired 23,000 shares of Molina Healthcare in the second quarter, valued at approximately $5.26 million. Institutional investors collectively own 98.5% of the company, with BlackRock holding a newly acquired position worth about $1.5 billion.
• Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating and an average price target of $202.44. Recent target prices range from $180 to $230.
• Molina reported quarterly earnings of $1.51 per share, beating estimates of $1.39, while revenue reached $10.87 billion. However, revenue declined 4.8% year over year, and shares opened at $198.43, down 0.8%.

Jupiter Topco LLC purchased a new position in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,000 shares of the company's stock, valued at approximately $5,260,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in Molina Healthcare during the second quarter worth about $1,503,052,000. AQR Capital Management LLC boosted its stake in shares of Molina Healthcare by 217.0% in the 3rd quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company's stock valued at $561,475,000 after purchasing an additional 2,008,458 shares in the last quarter. 8 Knots Management LLC acquired a new stake in shares of Molina Healthcare in the 4th quarter valued at approximately $198,942,000. Manning & Napier Advisors LLC bought a new stake in shares of Molina Healthcare during the 2nd quarter valued at approximately $152,339,000. Finally, Maverick Capital Ltd. bought a new stake in shares of Molina Healthcare during the 1st quarter valued at approximately $86,081,000. 98.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Cowen increased their price objective on shares of Molina Healthcare from $163.00 to $230.00 and gave the company a "hold" rating in a research note on Tuesday, July 14th. Royal Bank Of Canada decreased their target price on shares of Molina Healthcare from $248.00 to $218.00 and set a "sector perform" rating on the stock in a research note on Friday, July 24th. 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 report on Friday, May 22nd. Truist Financial dropped their price target on Molina Healthcare from $250.00 to $225.00 and set a "hold" rating for the company in a research note on Friday, July 24th. Finally, Barclays cut their price objective on Molina Healthcare from $184.00 to $180.00 and set an "underweight" rating on the stock in a report on Friday, July 24th. 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's stock. According to MarketBeat.com, Molina Healthcare has a consensus rating of "Hold" and a consensus price target of $202.44.

Molina Healthcare Stock Down 0.8%

Shares of NYSE MOH opened at $198.43 on Tuesday. The company has a 50 day simple moving average of $211.51 and a 200 day simple moving average of $180.52. 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, Inc has a 1 year low of $121.06 and a 1 year high of $244.89. The firm has a market cap of $10.36 billion, a PE ratio of -1,102.33, a price-to-earnings-growth ratio of 28.66 and a beta of 0.75.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The firm had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.48 EPS. On average, research analysts forecast that Molina Healthcare, Inc will post 5.29 EPS for the current year.

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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