WINTON GROUP Ltd Acquires New Shares in Molina Healthcare, Inc $MOH

WINTON GROUP Ltd bought a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,500 shares of the company’s stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds have also modified their holdings of MOH. BlackRock Inc. purchased a new position in shares of Molina Healthcare in the second quarter worth $1,503,052,000. Dimensional Fund Advisors LP lifted its holdings in shares of Molina Healthcare by 23.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company’s stock valued at $185,929,000 after purchasing an additional 267,121 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Molina Healthcare by 11.9% during the second quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company’s stock valued at $289,810,000 after purchasing an additional 135,247 shares in the last quarter. 8 Knots Management LLC purchased a new stake in shares of Molina Healthcare during the fourth quarter valued at $198,942,000. Finally, Capital Research Global Investors boosted its position in shares of Molina Healthcare by 0.4% during the fourth quarter. Capital Research Global Investors now owns 795,909 shares of the company’s stock valued at $138,122,000 after buying an additional 3,123 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of MOH opened at $206.92 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. Molina Healthcare, Inc has a one year low of $121.06 and a one year high of $244.89. The firm has a market capitalization of $10.80 billion, a P/E ratio of -1,149.51, a PEG ratio of 30.68 and a beta of 0.75. The business has a fifty day moving average of $206.95 and a 200 day moving average of $185.29.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 EPS 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 company had revenue of $10.87 billion during the quarter, compared to analysts’ expectations of $10.83 billion. During the same quarter in the prior year, the business earned $5.48 earnings per share. Molina Healthcare’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Molina Healthcare, Inc will post 5.29 EPS for the current year.

Analyst Ratings Changes

MOH has been the subject of several research analyst reports. Mizuho set a $215.00 price objective on Molina Healthcare in a report on Monday, June 8th. Weiss Ratings upgraded shares of Molina Healthcare from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. Royal Bank Of Canada dropped their price target on shares of Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Jefferies Financial Group set a $230.00 price target on shares of Molina Healthcare in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Molina Healthcare from $169.00 to $191.00 and gave the company a “neutral” rating in a report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and an average price target of $202.44.

Molina Healthcare Profile

Molina Healthcare, Inc is a managed care company that provides health insurance and related services through government-sponsored programs. Its primary lines of business include Medicaid, Medicare, and Affordable Care Act Marketplace plans, with a focus on serving low-income individuals, families, seniors, and people with complex medical needs.

The company offers health plans that coordinate medical, behavioral health, pharmacy, and other care services through contracted provider networks.