Durable Capital Partners LP Grows Holdings in Molina Healthcare, Inc $MOH

Key Points

• Durable Capital Partners LP increased its holdings in Molina Healthcare by 13.1%, acquiring an additional 62,899 shares, which makes the company its 27th largest holding.
• Several research firms have downgraded Molina Healthcare's stock ratings and price targets recently, with Morgan Stanley reducing its target from $364.00 to $266.00.
• Molina Healthcare reported a quarterly revenue of $11.43 billion, exceeding analyst expectations, despite earning $5.48 EPS, which was slightly below the consensus estimate of $5.50.

Durable Capital Partners LP grew its stake in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 541,605 shares of the company's stock after purchasing an additional 62,899 shares during the quarter. Molina Healthcare makes up 1.6% of Durable Capital Partners LP's holdings, making the stock its 27th biggest position. Durable Capital Partners LP owned about 1.00% of Molina Healthcare worth $178,399,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Rothschild Investment LLC grew its position in shares of Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock valued at $28,000 after purchasing an additional 48 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Molina Healthcare in the first quarter valued at about $29,000. Deseret Mutual Benefit Administrators grew its position in shares of Molina Healthcare by 60.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock valued at $30,000 after purchasing an additional 34 shares during the period. Elequin Capital LP grew its position in shares of Molina Healthcare by 170.6% in the first quarter. Elequin Capital LP now owns 92 shares of the company's stock valued at $30,000 after purchasing an additional 58 shares during the period. Finally, Colonial Trust Co SC grew its position in shares of Molina Healthcare by 930.0% in the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company's stock valued at $30,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 98.50% of the company's stock.

Molina Healthcare Price Performance

Shares of NYSE:MOH traded up $3.68 during midday trading on Friday, hitting $174.51. The company's stock had a trading volume of 1,294,913 shares, compared to its average volume of 1,435,618. The business's 50 day simple moving average is $187.75 and its 200 day simple moving average is $269.99. 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 company has a market cap of $9.46 billion, a P/E ratio of 8.60 and a beta of 0.54. Molina Healthcare, Inc has a 12-month low of $151.95 and a 12-month high of $365.23.

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

Insider Transactions at Molina Healthcare

In other news, COO James Woys bought 10,000 shares of Molina Healthcare stock in a transaction on Monday, August 4th. The shares were bought at an average cost of $155.94 per share, with a total value of $1,559,400.00. Following the completion of the purchase, the chief operating officer directly owned 74,331 shares of the company's stock, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronna Romney sold 700 shares of Molina Healthcare stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total transaction of $107,618.00. Following the transaction, 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 disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

MOH has been the topic of several research analyst reports. Cantor Fitzgerald reiterated a "neutral" rating and issued a $210.00 target price on shares of Molina Healthcare in a research report on Tuesday, August 26th. Wall Street Zen lowered shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. UBS Group dropped their target price on shares of Molina Healthcare from $260.00 to $180.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Robert W. Baird decreased their price target 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. Finally, Wells Fargo & Company decreased their price target on shares of Molina Healthcare from $216.00 to $198.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Molina Healthcare has an average rating of "Hold" and a consensus target price of $225.18.

Molina Healthcare Company 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.