Wellington Management Group LLP Purchases 135,247 Shares of Molina Healthcare, Inc $MOH

Wellington Management Group LLP raised its position in Molina Healthcare, Inc (NYSE:MOH) by 11.9% in the second quarter, HoldingsChannel reports. The fund owned 1,267,207 shares of the company’s stock after purchasing an additional 135,247 shares during the quarter. Wellington Management Group LLP’s holdings in Molina Healthcare were worth $289,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. acquired a new position in shares of Molina Healthcare during the first quarter valued at about $210,000. NewEdge Advisors LLC increased its position in shares of Molina Healthcare by 33.4% during the first quarter. NewEdge Advisors LLC now owns 1,106 shares of the company’s stock valued at $364,000 after acquiring an additional 277 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Molina Healthcare by 713.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,651 shares of the company’s stock worth $544,000 after purchasing an additional 1,448 shares during the period. Goldman Sachs Group Inc. boosted its stake in Molina Healthcare by 19.4% in the first quarter. Goldman Sachs Group Inc. now owns 249,466 shares of the company’s stock valued at $82,172,000 after acquiring an additional 40,531 shares during the last quarter. Finally, Woodline Partners LP purchased a new position in Molina Healthcare in the first quarter valued at approximately $1,541,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 0.0%

Shares of NYSE MOH opened at $200.03 on Monday. The stock has a market capitalization of $10.44 billion, a P/E ratio of -1,111.22, a PEG ratio of 28.66 and a beta of 0.75. The firm’s 50 day simple moving average is $211.49 and its two-hundred day simple moving average is $180.00. Molina Healthcare, Inc has a one year low of $121.06 and a one year high of $244.89. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $10.83 billion. During the same period in the prior year, the business posted $5.48 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. As a group, analysts expect that Molina Healthcare, Inc will post 5.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MOH. Zacks Research lowered shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. UBS Group raised their price target on Molina Healthcare from $180.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Sanford C. Bernstein set a $286.00 price objective on shares of Molina Healthcare in a research report on Monday, July 13th. Royal Bank Of Canada decreased their price objective on shares of Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Molina Healthcare in a research report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Molina Healthcare has an average rating of “Hold” and a consensus target price 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.