5,032 Shares in Molina Healthcare, Inc $MOH Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in shares of Molina Healthcare, Inc (NYSE:MOH) in the 2nd quarter, HoldingsChannel reports. The firm acquired 5,032 shares of the company’s stock, valued at approximately $1,151,000.

Other hedge funds have also made changes to their positions in the company. 7G Capital Management LLC acquired a new stake in shares of Molina Healthcare in the fourth quarter worth approximately $1,735,000. BNP Paribas Financial Markets raised its stake in Molina Healthcare by 63.0% in the 4th quarter. BNP Paribas Financial Markets now owns 439,371 shares of the company’s stock valued at $76,248,000 after purchasing an additional 169,739 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Molina Healthcare by 394.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 156,632 shares of the company’s stock valued at $35,822,000 after purchasing an additional 124,929 shares during the last quarter. M&T Bank Corp lifted its holdings in Molina Healthcare by 451.1% in the 4th quarter. M&T Bank Corp now owns 42,455 shares of the company’s stock valued at $7,368,000 after purchasing an additional 34,751 shares in the last quarter. Finally, Aurora Investment Managers LLC. purchased a new position in Molina Healthcare in the 1st quarter valued at $2,349,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock opened at $200.63 on Monday. The business’s 50 day moving average price is $211.25 and its 200 day moving average price is $178.56. The company has a market cap of $10.47 billion, a price-to-earnings ratio of -1,114.55, a PEG ratio of 28.70 and a beta of 0.75. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. Molina Healthcare, Inc has a one year low of $121.06 and a one year high of $244.89.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $10.87 billion during the quarter, compared to analysts’ expectations of $10.83 billion. During the same period in the prior year, the business earned $5.48 EPS. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. On average, research analysts predict that Molina Healthcare, Inc will post 5.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MOH shares. Jefferies Financial Group set a $230.00 target price on shares of Molina Healthcare in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Molina Healthcare from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 24th. Wells Fargo & Company decreased their price target on shares of Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 28th. Bank of America upgraded shares of Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, April 29th. Finally, Truist Financial dropped their price objective on shares of Molina Healthcare from $250.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $202.44.

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.