Jupiter Topco LLC Invests $5.26 Million in Molina Healthcare, Inc $MOH

Jupiter Topco LLC acquired a new position in Molina Healthcare, Inc (NYSE:MOH) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,000 shares of the company’s stock, valued at approximately $5,260,000.

Several other institutional investors have also added to or reduced their stakes in MOH. Hsbc Holdings PLC acquired a new stake in Molina Healthcare during the 2nd quarter valued at approximately $31,533,000. Canada Pension Plan Investment Board bought a new stake in shares of Molina Healthcare in the 2nd quarter valued at $11,460,000. Castleark Management LLC bought a new stake in shares of Molina Healthcare in the 2nd quarter valued at $7,728,000. Solas Capital Management LLC acquired a new stake in shares of Molina Healthcare during the second quarter worth $9,198,000. Finally, Legal & General Group Plc acquired a new stake in shares of Molina Healthcare during the second quarter worth $32,821,000. 98.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MOH. Royal Bank Of Canada lowered their target price on shares of Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research downgraded Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Weiss Ratings lowered Molina Healthcare from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group set a $230.00 price objective on Molina Healthcare in a research note on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $202.44.

Molina Healthcare Stock Performance

NYSE:MOH opened at $198.43 on Tuesday. The company has a fifty day moving average of $211.51 and a 200-day moving average of $180.52. The firm has a market capitalization of $10.36 billion, a P/E ratio of -1,102.33, a P/E/G ratio of 28.66 and a beta of 0.75. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. Molina Healthcare, Inc has a twelve month low of $121.06 and a twelve month high of $244.89.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. The company had revenue of $10.87 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.48 EPS. As a group, sell-side analysts anticipate that Molina Healthcare, Inc will post 5.29 EPS for the current year.

Molina Healthcare Company 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.