Ieq Capital LLC Purchases Shares of 167,323 Molina Healthcare, Inc $MOH

Ieq Capital LLC acquired a new position in shares of Molina Healthcare, Inc (NYSE:MOH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 167,323 shares of the company’s stock, valued at approximately $38,267,000.

Several other institutional investors have also modified their holdings of the stock. ARGA Investment Management LP boosted its holdings in shares of Molina Healthcare by 1.4% in the 1st quarter. ARGA Investment Management LP now owns 4,166 shares of the company’s stock valued at $555,000 after buying an additional 59 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in Molina Healthcare by 118.2% in the second quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock valued at $33,000 after acquiring an additional 78 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Molina Healthcare by 64.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company’s stock valued at $40,000 after acquiring an additional 91 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Molina Healthcare by 0.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company’s stock valued at $2,616,000 after acquiring an additional 92 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Molina Healthcare by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 16,753 shares of the company’s stock worth $3,206,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $200.63 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average price is $211.25 and its 200 day moving average price is $178.58. Molina Healthcare, Inc has a 52 week low of $121.06 and a 52 week high of $244.89. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of -1,114.55, a PEG ratio of 28.22 and a beta of 0.75.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. 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 previous year, the business posted $5.48 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, research analysts forecast that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group lifted their price target on Molina Healthcare from $180.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. 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 research note on Friday, July 24th. Morgan Stanley increased their price objective on Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. Sanford C. Bernstein set a $286.00 price target on shares of Molina Healthcare in a research report on Monday, July 13th. Finally, TD Cowen raised their price objective on Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently 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 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.