Entropy Technologies LP Takes Position in Molina Healthcare, Inc. (NYSE:MOH)

Entropy Technologies LP bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,906 shares of the company’s stock, valued at approximately $1,001,000.

Other institutional investors have also made changes to their positions in the company. Innealta Capital LLC purchased a new position in shares of Molina Healthcare during the second quarter worth $36,000. Ashton Thomas Private Wealth LLC acquired a new position in Molina Healthcare during the 2nd quarter worth about $40,000. AM Squared Ltd purchased a new position in Molina Healthcare during the 2nd quarter valued at about $59,000. Capital Performance Advisors LLP acquired a new position in Molina Healthcare in the 3rd quarter valued at about $62,000. Finally, UMB Bank n.a. increased 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 during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $309.30 on Thursday. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The firm has a market cap of $17.69 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 1.10 and a beta of 0.59. The stock’s 50-day moving average is $329.37 and its two-hundred day moving average is $326.23.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on MOH shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a report on Monday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. Jefferies Financial Group lowered their target price on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research note on Wednesday, July 24th. Stephens restated an “equal weight” rating and set a $320.00 price target on shares of Molina Healthcare in a report on Thursday, July 25th. Finally, TD Cowen decreased their price objective on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $367.17.

About Molina Healthcare

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.