Maple Rock Capital Partners Inc. Boosts Holdings in Molina Healthcare, Inc $MOH

Key Points

• Maple Rock Capital Partners increased its Molina Healthcare stake by 43.4% in the second quarter, acquiring 73,600 additional shares for a total holding of 243,300 shares valued at approximately $55.6 million.
• Institutional investors own approximately 98.5% of Molina Healthcare’s outstanding stock, reflecting substantial hedge fund and institutional participation.
• Analysts maintain a consensus “Hold” rating with an average price target of $202.44. Molina recently beat quarterly EPS expectations, reporting $1.51 versus the $1.39 consensus, while revenue declined 4.8% year over year.

Maple Rock Capital Partners Inc. boosted its stake in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 43.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 243,300 shares of the company's stock after acquiring an additional 73,600 shares during the period. Molina Healthcare comprises approximately 1.1% of Maple Rock Capital Partners Inc.'s portfolio, making the stock its 29th largest position. Maple Rock Capital Partners Inc. owned approximately 0.47% of Molina Healthcare worth $55,643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MOH. ARGA Investment Management LP increased its position in shares of Molina Healthcare by 1.4% during the first quarter. ARGA Investment Management LP now owns 4,166 shares of the company's stock worth $555,000 after purchasing an additional 59 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in shares of 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. Caitong International Asset Management Co. Ltd boosted its position in shares of Molina Healthcare by 64.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company's stock valued at $40,000 after purchasing an additional 91 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Molina Healthcare by 0.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company's stock valued at $2,616,000 after purchasing an additional 92 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in Molina Healthcare by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,753 shares of the company's stock worth $3,206,000 after buying an additional 104 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MOH has been the topic of several research analyst reports. UBS Group lifted their price target on Molina Healthcare from $180.00 to $202.00 and gave the stock a "neutral" rating in a research report on Friday, May 22nd. Morgan Stanley raised their target price on shares of Molina Healthcare from $146.00 to $167.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 4th. Sanford C. Bernstein set a $286.00 target price on shares of Molina Healthcare in a research report on Monday, July 13th. Barclays cut their target price on shares of Molina Healthcare from $184.00 to $180.00 and set an "underweight" rating on the stock in a report on Friday, July 24th. Finally, Jefferies Financial Group set a $230.00 price target on shares of Molina Healthcare in a research report on Tuesday, July 14th. Three equities research 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 data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $202.44.

Molina Healthcare Stock Down 0.8%

Molina Healthcare stock opened at $198.43 on Tuesday. Molina Healthcare, Inc has a twelve month low of $121.06 and a twelve month high of $244.89. The stock has a 50 day moving average of $211.51 and a two-hundred day moving average of $180.52. 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 stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of -1,102.33, a PEG ratio of 28.66 and a beta of 0.75.

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