Man Group plc Invests $6.87 Million in Molina Healthcare, Inc $MOH

Man Group plc acquired a new position in shares of Molina Healthcare, Inc (NYSE:MOH) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 30,022 shares of the company’s stock, valued at approximately $6,866,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Molina Healthcare during the second quarter valued at approximately $1,503,052,000. AQR Capital Management LLC boosted its stake 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. grew its position 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 worth $376,831,000 after purchasing an additional 201,772 shares in the last quarter. Invesco Ltd. grew its position in Molina Healthcare by 24.2% during the 4th quarter. Invesco Ltd. now owns 1,690,981 shares of the company’s stock worth $293,453,000 after purchasing an additional 329,679 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in 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 purchasing an additional 447,078 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Price Performance

NYSE MOH opened at $200.03 on Friday. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $244.89. The stock’s 50-day moving average is $211.49 and its two-hundred day moving average is $179.63. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market cap of $10.44 billion, a P/E ratio of -1,111.22, a price-to-earnings-growth ratio of 28.66 and a beta of 0.75.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.87 billion during the quarter, compared to analyst estimates of $10.83 billion. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $5.48 EPS. On average, analysts anticipate that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MOH has been the subject of several research analyst reports. Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Saturday. Mizuho set a $215.00 target price on Molina Healthcare in a research note on Monday, June 8th. Royal Bank Of Canada lowered their target price on 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. Zacks Research downgraded Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Finally, Morgan Stanley increased their price target on shares of Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, 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.