Pallas Capital Advisors LLC Purchases Shares of 9,746 Molina Healthcare, Inc $MOH

Pallas Capital Advisors LLC acquired a new stake in Molina Healthcare, Inc (NYSE:MOH) during the 2nd quarter, Holdings Channel reports. The firm acquired 9,746 shares of the company’s stock, valued at approximately $2,229,000.

Other institutional investors have also recently made changes to their positions in the company. 7G Capital Management LLC bought a new stake in shares of Molina Healthcare in the fourth quarter worth about $1,735,000. BNP Paribas Financial Markets boosted its stake in Molina Healthcare by 63.0% during the fourth 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 last quarter. Assenagon Asset Management S.A. grew its holdings in 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 buying an additional 124,929 shares in the last quarter. M&T Bank Corp grew its holdings in Molina Healthcare by 451.1% during the 4th quarter. M&T Bank Corp now owns 42,455 shares of the company’s stock valued at $7,368,000 after buying an additional 34,751 shares in the last quarter. Finally, Aurora Investment Managers LLC. bought a new stake in Molina Healthcare in the 1st quarter worth approximately $2,349,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Down 4.4%

NYSE MOH opened at $203.13 on Tuesday. 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 company has a fifty day moving average of $211.07 and a two-hundred day moving average of $178.05. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of -1,128.44, a PEG ratio of 30.44 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.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $10.87 billion for the quarter, compared to the consensus estimate of $10.83 billion. During the same quarter in the prior year, the firm posted $5.48 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts predict that Molina Healthcare, Inc will post 5.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

MOH has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Molina Healthcare from $169.00 to $191.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Robert W. Baird boosted their price target on shares of Molina Healthcare from $124.00 to $163.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings downgraded shares of Molina Healthcare from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 24th. TD Cowen increased their price objective on shares of Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Finally, Bank of America raised shares of Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Molina Healthcare presently has an average 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.