Commons Capital LLC Acquires 9,800 Shares of Molina Healthcare, Inc $MOH

Commons Capital LLC acquired a new position in Molina Healthcare, Inc (NYSE:MOH) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 9,800 shares of the company’s stock, valued at approximately $1,853,000. Molina Healthcare makes up approximately 1.3% of Commons Capital LLC’s investment portfolio, making the stock its 19th largest holding.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Molina Healthcare in the 2nd quarter worth about $1,503,052,000. Manning & Napier Advisors LLC bought a new position in Molina Healthcare during the 2nd quarter valued at about $152,339,000. Maverick Capital Ltd. purchased a new stake in shares of Molina Healthcare during the 1st quarter valued at about $86,081,000. Bank of New York Mellon Corp purchased a new stake in shares of Molina Healthcare during the 2nd quarter valued at about $86,138,000. Finally, Bank of America Corp DE purchased a new stake in shares of Molina Healthcare during the 2nd quarter valued at about $71,480,000. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Up 1.3%

MOH stock opened at $209.01 on Thursday. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $244.89. The business’s 50-day moving average is $202.28 and its two-hundred day moving average is $185.52. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market cap of $10.91 billion, a price-to-earnings ratio of 103.18, a P/E/G ratio of 12.17 and a beta of 0.75.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.10. The business had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $10.86 billion. Molina Healthcare had a positive return on equity of 2.50% and a negative net margin of 0.11%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $1.84 earnings per share. As a group, analysts forecast that Molina Healthcare, Inc will post 5.30 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on MOH shares. Jefferies Financial Group reiterated a “hold” rating and issued a $220.00 price target on shares of Molina Healthcare in a research note on Friday, October 23rd. Royal Bank Of Canada increased their price objective on shares of Molina Healthcare from $218.00 to $222.00 and gave the company a “sector perform” rating in a research report on Friday, October 23rd. Cantor Fitzgerald restated a “neutral” rating on shares of Molina Healthcare in a report on Friday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of Molina Healthcare from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 27th. Finally, Deutsche Bank reiterated a “hold” rating and set a $163.00 target price on shares of Molina Healthcare in a research note on Monday, October 26th. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $213.88.

About Molina Healthcare

Molina Healthcare, Inc. is a managed care company that provides health insurance plans primarily to people covered by government-sponsored programs. Its offerings include Medicaid plans, Medicare plans for eligible individuals and dual-eligible members, and health plans sold through government marketplaces under the Affordable Care Act. The company was founded in 1980 by physician C. David Molina in Long Beach, California, initially serving low-income families through community clinics. It later shifted its focus to providing managed health care, with Medicaid becoming a central part of its business.