Wellington Management Group LLP Acquires 135,247 Shares of Molina Healthcare, Inc $MOH

Key Points

• Wellington Management increased its Molina Healthcare stake by 11.9% in the second quarter, acquiring 135,247 shares and bringing its holdings to 1.27 million shares valued at approximately $289.8 million. Institutional investors collectively own 98.5% of MOH.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $202.44; ratings include three Buys, 12 Holds, and two Sells.
• Molina Healthcare reported quarterly earnings of $1.51 per share, beating estimates of $1.39, while revenue reached $10.87 billion. However, revenue declined 4.8% year over year, and the stock opened at $200.03.

Wellington Management Group LLP increased its holdings in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 11.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,267,207 shares of the company's stock after buying an additional 135,247 shares during the period. Wellington Management Group LLP owned about 2.43% of Molina Healthcare worth $289,810,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. lifted its holdings in shares of Molina Healthcare by 1,250.0% during the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company's stock worth $29,000 after purchasing an additional 200 shares during the period. Quarry LP bought a new stake in shares of Molina Healthcare in the fourth quarter worth $32,000. SJS Investment Consulting Inc. increased its holdings in Molina Healthcare by 504.9% in the first quarter. SJS Investment Consulting Inc. now owns 248 shares of the company's stock valued at $33,000 after purchasing an additional 207 shares during the period. Elevation Wealth Partners LLC raised its position in Molina Healthcare by 118.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company's stock worth $33,000 after purchasing an additional 78 shares during the last quarter. Finally, Triumph Capital Management raised its position in Molina Healthcare by 4,625.0% during the 4th quarter. Triumph Capital Management now owns 189 shares of the company's stock worth $33,000 after purchasing an additional 185 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MOH has been the topic of a number of analyst reports. Jefferies Financial Group set a $230.00 price target on Molina Healthcare in a research report on Tuesday, July 14th. UBS Group raised their price objective 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 lifted their price objective on Molina Healthcare from $146.00 to $167.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 4th. Zacks Research cut Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Friday, August 21st. Finally, Cantor Fitzgerald reissued a "neutral" rating on shares of Molina Healthcare in a research report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $202.44.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $200.03 on Monday. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of -1,111.22, a PEG ratio of 28.66 and a beta of 0.75. Molina Healthcare, Inc has a 52-week low of $121.06 and a 52-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 stock's 50 day moving average price is $211.49 and its two-hundred day moving average price is $180.00.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. The company had revenue of $10.87 billion during the quarter, compared to analyst estimates 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 for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.48 EPS. On average, equities 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.

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