50,110 Shares in Molina Healthcare, Inc $MOH Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new position in shares of Molina Healthcare, Inc (NYSE:MOH) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 50,110 shares of the company’s stock, valued at approximately $11,460,000.

A number of other large investors also recently made changes to their positions in the business. 7G Capital Management LLC acquired a new position in Molina Healthcare in the 4th quarter valued at approximately $1,735,000. BNP Paribas Financial Markets boosted its stake in shares of Molina Healthcare by 63.0% during the 4th quarter. BNP Paribas Financial Markets now owns 439,371 shares of the company’s stock valued at $76,248,000 after buying an additional 169,739 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Molina Healthcare by 394.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 156,632 shares of the company’s stock valued at $35,822,000 after acquiring an additional 124,929 shares in the last quarter. Aurora Investment Managers LLC. purchased a new position in shares of Molina Healthcare during the 1st quarter valued at $2,349,000. Finally, Easterly Investment Partners LLC increased its stake in shares of Molina Healthcare by 227.8% in the fourth quarter. Easterly Investment Partners LLC now owns 38,082 shares of the company’s stock worth $6,609,000 after acquiring an additional 26,464 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Ratings Changes

MOH has been the subject of a number of research reports. TD Cowen lifted their price objective on Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Wall Street Zen lowered Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday. Royal Bank Of Canada cut their price target on 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. Cantor Fitzgerald reiterated a “neutral” rating on shares of Molina Healthcare in a report on Friday, July 24th. Finally, Robert W. Baird boosted their price target on Molina Healthcare from $124.00 to $163.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $202.44.

Molina Healthcare Stock Performance

Shares of NYSE MOH opened at $200.03 on Friday. The business has a fifty day simple moving average of $211.49 and a 200 day simple moving average of $179.63. 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 firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of -1,111.22, a PEG ratio of 28.66 and a beta of 0.75. Molina Healthcare, Inc has a one year low of $121.06 and a one year high of $244.89.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share 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 firm had revenue of $10.87 billion for the quarter, compared to the consensus estimate of $10.83 billion. During the same quarter in the previous year, the company earned $5.48 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year. Sell-side analysts expect 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.