Sanctuary Advisors LLC Acquires Shares of 3,809 Molina Healthcare, Inc $MOH

Sanctuary Advisors LLC acquired a new stake in Molina Healthcare, Inc (NYSE:MOH) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,809 shares of the company’s stock, valued at approximately $871,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Molina Healthcare in the second quarter worth $1,503,052,000. AQR Capital Management LLC increased its position in Molina Healthcare by 217.0% during the third quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company’s stock valued at $561,475,000 after acquiring an additional 2,008,458 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Molina Healthcare by 10.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,171,433 shares of the company’s stock valued at $376,831,000 after acquiring an additional 201,772 shares during the last quarter. Invesco Ltd. raised its stake in shares of Molina Healthcare by 24.2% in the fourth quarter. Invesco Ltd. now owns 1,690,981 shares of the company’s stock valued at $293,453,000 after acquiring an additional 329,679 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Molina Healthcare by 46.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,410,604 shares of the company’s stock valued at $244,796,000 after acquiring an additional 447,078 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MOH shares. UBS Group raised their target price on shares of Molina Healthcare from $180.00 to $202.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Zacks Research lowered shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. TD Cowen raised their price objective 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. Wells Fargo & Company decreased their price objective on shares of Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 28th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Molina Healthcare in a research report on Friday, July 24th. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $202.44.

Molina Healthcare Stock Performance

Shares of NYSE:MOH opened at $200.03 on Friday. The firm has a market cap of $10.44 billion, a PE ratio of -1,111.22, a price-to-earnings-growth ratio of 28.48 and a beta of 0.75. The firm’s 50 day simple moving average is $211.49 and its 200-day simple moving average is $179.63. 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 quick ratio of 1.68 and a current ratio of 1.68.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The firm had revenue of $10.87 billion during the quarter, compared to analyst estimates of $10.83 billion. During the same quarter in the previous year, the business earned $5.48 earnings per share. Molina Healthcare’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, equities analysts predict that Molina Healthcare, Inc will post 5.29 EPS for the current year.

Molina Healthcare Profile

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.