MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases 10,946 Shares of Molina Healthcare, Inc $MOH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has increased its holdings in Molina Healthcare, Inc by 210.9%, acquiring an additional 10,946 shares, bringing their total to 16,135 shares valued at approximately $4.8 million.
• Analyst ratings for Molina Healthcare have been mostly downgraded, with Mizuho and UBS Group lowering their price targets significantly, reflecting a more cautious outlook on the stock.
• Molina Healthcare reported earnings of $5.48 per share for the latest quarter, slightly missing analyst estimates, but achieved a revenue of $11.43 billion, surpassing expectations with a year-over-year growth of 15.7%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 210.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,135 shares of the company's stock after purchasing an additional 10,946 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Molina Healthcare were worth $4,807,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Amalgamated Bank lifted its stake in Molina Healthcare by 0.3% during the 1st quarter. Amalgamated Bank now owns 11,580 shares of the company's stock valued at $3,814,000 after acquiring an additional 33 shares during the period. Deseret Mutual Benefit Administrators lifted its stake in Molina Healthcare by 60.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock valued at $30,000 after acquiring an additional 34 shares during the period. JLB & Associates Inc. lifted its stake in Molina Healthcare by 0.3% during the 1st quarter. JLB & Associates Inc. now owns 10,626 shares of the company's stock valued at $3,500,000 after acquiring an additional 36 shares during the period. PenderFund Capital Management Ltd. lifted its stake in Molina Healthcare by 0.4% during the 1st quarter. PenderFund Capital Management Ltd. now owns 10,071 shares of the company's stock valued at $3,317,000 after acquiring an additional 40 shares during the period. Finally, Rothschild Investment LLC lifted its stake in Molina Healthcare by 126.3% during the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company's stock valued at $28,000 after acquiring an additional 48 shares during the period. Institutional investors own 98.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MOH. Mizuho lowered their price objective on shares of Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating on the stock in a research note on Friday, July 11th. UBS Group lowered their price objective on shares of Molina Healthcare from $260.00 to $180.00 and set a "neutral" rating on the stock in a research note on Friday, July 25th. JPMorgan Chase & Co. lowered their price objective on shares of Molina Healthcare from $272.00 to $184.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 29th. Wall Street Zen cut shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Finally, Robert W. Baird lowered their price objective on shares of Molina Healthcare from $373.00 to $179.00 and set a "neutral" rating on the stock in a research note on Friday, July 25th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $225.18.

Molina Healthcare Trading Up 4.6%

Shares of MOH opened at $190.88 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66. Molina Healthcare, Inc has a 1 year low of $151.95 and a 1 year high of $359.97. The company has a 50 day simple moving average of $172.24 and a two-hundred day simple moving average of $259.21. The firm has a market cap of $10.35 billion, a P/E ratio of 9.41 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.50 by ($0.02). Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The company had revenue of $11.43 billion for the quarter, compared to analysts' expectations of $10.94 billion. During the same period last year, the business earned $5.86 earnings per share. The company's quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ronna Romney sold 700 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total value of $107,618.00. Following the completion of the sale, the director directly owned 17,131 shares in the company, valued at $2,633,719.94. This trade represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James Woys purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $155.94 per share, with a total value of $1,559,400.00. Following the completion of the transaction, the chief operating officer owned 74,331 shares of the company's stock, valued at $11,591,176.14. The trade was a 15.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

Molina Healthcare Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.

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