Entropy Technologies LP Buys Shares of 2,906 Molina Healthcare, Inc. (NYSE:MOH)

Entropy Technologies LP purchased a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,906 shares of the company’s stock, valued at approximately $1,001,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOH. Innealta Capital LLC acquired a new stake in shares of Molina Healthcare during the second quarter valued at about $36,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Molina Healthcare during the 2nd quarter worth approximately $40,000. AM Squared Ltd acquired a new stake in Molina Healthcare in the 2nd quarter valued at approximately $59,000. Capital Performance Advisors LLP purchased a new stake in Molina Healthcare in the third quarter valued at approximately $62,000. Finally, UMB Bank n.a. lifted its stake in Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after purchasing an additional 101 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

Shares of MOH opened at $309.30 on Thursday. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average price of $329.37 and a 200 day moving average price of $326.23.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same quarter last year, the company posted $5.05 earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. Research analysts predict that Molina Healthcare, Inc. will post 23.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. TD Cowen reduced their price target on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Jefferies Financial Group dropped their price objective on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Barclays boosted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $367.17.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.