UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Holdings in Molina Healthcare, Inc $MOH

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 19.2% during the second quarter, Holdings Channel.com reports. The firm owned 179,440 shares of the company’s stock after selling 42,608 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Molina Healthcare were worth $41,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 7G Capital Management LLC purchased a new stake in shares of Molina Healthcare during the fourth quarter valued at $1,735,000. BNP Paribas Financial Markets raised its position 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 acquiring an additional 169,739 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Molina Healthcare by 394.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 156,632 shares of the company’s stock valued at $35,822,000 after purchasing an additional 124,929 shares during the period. Aurora Investment Managers LLC. acquired a new position in shares of Molina Healthcare in the first quarter worth about $2,349,000. Finally, Easterly Investment Partners LLC boosted its position in Molina Healthcare by 227.8% during the fourth quarter. Easterly Investment Partners LLC now owns 38,082 shares of the company’s stock worth $6,609,000 after purchasing an additional 26,464 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Down 0.0%

MOH opened at $202.60 on Friday. The business’s 50 day moving average is $211.38 and its two-hundred day moving average is $182.10. Molina Healthcare, Inc has a 52 week low of $121.06 and a 52 week high of $244.89. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of -1,125.49, a price-to-earnings-growth ratio of 29.04 and a beta of 0.75. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95.

Molina Healthcare (NYSE:MOH) last issued 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 during the quarter, compared to analysts’ expectations of $10.83 billion. During the same quarter in the prior year, the business earned $5.48 EPS. Molina Healthcare’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, research analysts predict that Molina Healthcare, Inc will post 5.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MOH. TD Cowen boosted their target price on shares of Molina Healthcare from $163.00 to $230.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Sanford C. Bernstein set a $286.00 price target on shares of Molina Healthcare in a research report on Monday, July 13th. Barclays lowered their price objective on Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating for the company in a research report on Friday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Molina Healthcare from $169.00 to $191.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Finally, Morgan Stanley raised their target price on Molina Healthcare from $146.00 to $167.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.