Pallas Capital Advisors LLC Makes New $2.23 Million Investment in Molina Healthcare, Inc $MOH

Key Points

• Pallas Capital Advisors purchased 9,746 Molina Healthcare shares worth approximately $2.23 million during the second quarter. Institutional investors collectively own 98.5% of the company.
• Analysts maintain a broadly cautious view, with an overall “Hold” rating and an average price target of $202.44; recent targets range from $129 to $220.
• Molina Healthcare reported quarterly EPS of $1.51, exceeding the $1.39 consensus estimate, while revenue reached $10.87 billion. However, revenue declined 4.8% year over year and net margin remained slightly negative.

Pallas Capital Advisors LLC purchased a new stake in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,746 shares of the company's stock, valued at approximately $2,229,000.

A number of other large investors have also recently made changes to their positions in MOH. AQR Capital Management LLC grew its position in Molina Healthcare by 217.0% in the 3rd quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company's stock worth $561,475,000 after purchasing an additional 2,008,458 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Molina Healthcare by 10.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,171,433 shares of the company's stock valued at $376,831,000 after buying an additional 201,772 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Molina Healthcare by 24.2% during the 4th quarter. Invesco Ltd. now owns 1,690,981 shares of the company's stock valued at $293,453,000 after buying an additional 329,679 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Molina Healthcare by 46.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,410,604 shares of the company's stock valued at $244,796,000 after buying an additional 447,078 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Molina Healthcare by 23.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company's stock worth $185,929,000 after buying an additional 267,121 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MOH has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $129.00 price objective on shares of Molina Healthcare in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their target price on Molina Healthcare from $169.00 to $191.00 and gave the stock a "neutral" rating in a research report on Monday, June 8th. Robert W. Baird boosted their price target on Molina Healthcare from $124.00 to $163.00 and gave the company a "neutral" rating in a research note on Monday, May 11th. Wells Fargo & Company reduced their price target on shares of Molina Healthcare from $235.00 to $220.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada lowered their price objective 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $202.44.

Molina Healthcare Price Performance

NYSE MOH opened at $203.13 on Tuesday. The business's fifty day moving average is $211.07 and its 200 day moving average is $178.05. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $244.89. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $10.60 billion, a PE ratio of -1,128.44, a price-to-earnings-growth ratio of 30.44 and a beta of 0.75.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source