Sanctuary Advisors LLC Makes New Investment in Molina Healthcare, Inc $MOH

Sanctuary Advisors LLC bought a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) during the second quarter, Holdings Channel reports. The fund bought 3,809 shares of the company’s stock, valued at approximately $871,000.

Several other large investors have also modified their holdings of the business. ARGA Investment Management LP boosted its stake in shares of Molina Healthcare by 1.4% during the first quarter. ARGA Investment Management LP now owns 4,166 shares of the company’s stock valued at $555,000 after purchasing an additional 59 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in Molina Healthcare by 118.2% in the second quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock worth $33,000 after buying an additional 78 shares in the last quarter. Caitong International Asset Management Co. Ltd raised 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 worth $40,000 after buying an additional 91 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Molina Healthcare by 0.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company’s stock worth $2,616,000 after buying an additional 92 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in 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 buying an additional 104 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Up 0.6%

NYSE:MOH opened at $200.03 on Friday. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of -1,111.22, a PEG ratio of 28.48 and a beta of 0.75. Molina Healthcare, Inc has a 52 week low of $121.06 and a 52 week high of $244.89. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average of $211.49 and a 200 day moving average of $179.63.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. The business had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The business’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 earnings per share. As a group, sell-side analysts anticipate that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MOH shares. Morgan Stanley lifted their price target on Molina Healthcare from $146.00 to $167.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Wells Fargo & Company decreased their price objective on Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 28th. UBS Group raised their price objective on Molina Healthcare from $180.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. 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 report on Tuesday, July 14th. Finally, Mizuho set a $215.00 target price on Molina Healthcare in a research note on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.