Acadian Asset Management LLC Buys 5,587 Shares of Molina Healthcare, Inc $MOH

Key Points

• Acadian Asset Management LLC significantly increased its holdings in Molina Healthcare by 3,192.6%, now owning 5,762 shares valued at approximately $1.9 million.
• Molina Healthcare reported earnings of $5.48 per share for the last quarter, missing the consensus estimate by $0.02, yet displaying a 15.7% year-over-year revenue growth.
• Several brokerages have recently downgraded Molina Healthcare's price targets, with JPMorgan Chase & Co. lowering it from $272 to $184, currently holding a "neutral" rating on the stock.

Acadian Asset Management LLC lifted its stake in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 3,192.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,762 shares of the company's stock after acquiring an additional 5,587 shares during the quarter. Acadian Asset Management LLC's holdings in Molina Healthcare were worth $1,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Molina Healthcare by 46.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,838,043 shares of the company's stock valued at $1,264,214,000 after buying an additional 1,216,903 shares during the period. GAMMA Investing LLC increased its position in shares of Molina Healthcare by 74,593.7% during the first quarter. GAMMA Investing LLC now owns 667,015 shares of the company's stock worth $219,708,000 after purchasing an additional 666,122 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Molina Healthcare by 1,641.3% during the fourth quarter. Voloridge Investment Management LLC now owns 409,807 shares of the company's stock valued at $119,274,000 after buying an additional 386,273 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Molina Healthcare by 42.7% in the first quarter. AQR Capital Management LLC now owns 884,958 shares of the company's stock valued at $288,125,000 after purchasing an additional 264,664 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of Molina Healthcare during the 4th quarter worth about $44,099,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

Insider Buying and Selling

In other Molina Healthcare news, Director Ronna Romney sold 700 shares of Molina Healthcare stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total value of $107,618.00. Following the transaction, the director owned 17,131 shares in the company, valued at $2,633,719.94. This trade represents a 3.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO James Woys acquired 10,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average cost of $155.94 per share, with a total value of $1,559,400.00. Following the transaction, the chief operating officer owned 74,331 shares in the company, valued at approximately $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. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

MOH has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Molina Healthcare from $216.00 to $198.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Cantor Fitzgerald reiterated a "neutral" rating and set a $210.00 price objective on shares of Molina Healthcare in a research note on Tuesday, August 26th. Sanford C. Bernstein dropped their target price on shares of Molina Healthcare from $284.00 to $220.00 and set an "outperform" rating on the stock in a report on Friday, September 5th. Truist Financial reaffirmed a "hold" rating and set a $180.00 price target (down from $335.00) on shares of Molina Healthcare in a research note on Friday, July 25th. Finally, Mizuho decreased their target price on shares of Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating for the company in a report on Friday, July 11th. Three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Molina Healthcare presently has a consensus rating of "Hold" and an average target price of $225.18.

Molina Healthcare Trading Down 2.6%

MOH stock traded down $4.62 during midday trading on Friday, reaching $175.09. 2,063,581 shares of the company traded hands, compared to its average volume of 1,239,660. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.66 and a current ratio of 1.66. The business has a 50 day moving average of $174.11 and a 200-day moving average of $262.02. Molina Healthcare, Inc has a 52-week low of $151.95 and a 52-week high of $359.97. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 8.63 and a beta of 0.54.

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

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.