Vise Technologies Inc. Makes New Investment in Molina Healthcare, Inc $MOH

Vise Technologies Inc. bought a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,071 shares of the company’s stock, valued at approximately $931,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. bought a new stake in Molina Healthcare during the first quarter worth about $210,000. NewEdge Advisors LLC lifted its holdings 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 purchasing an additional 277 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Molina Healthcare by 713.3% in 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Molina Healthcare by 19.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,466 shares of the company’s stock worth $82,172,000 after buying an additional 40,531 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of Molina Healthcare in the 1st quarter worth approximately $1,541,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of recent research reports. Bank of America upgraded Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price target on Molina Healthcare from $169.00 to $191.00 and gave the stock a “neutral” rating in a research report on Monday, June 8th. Barclays cut their price objective on shares of Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating on the stock in a research report on Friday, July 24th. Royal Bank Of Canada decreased their target price on shares of Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating for the company in a report on Friday, July 24th. Finally, UBS Group boosted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $202.44.

Molina Healthcare Stock Up 0.2%

Shares of Molina Healthcare stock opened at $200.63 on Monday. Molina Healthcare, Inc has a twelve month low of $121.06 and a twelve month high of $244.89. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $211.25 and its 200 day moving average is $178.56. The company has a market cap of $10.47 billion, a price-to-earnings ratio of -1,114.55, a price-to-earnings-growth ratio of 28.70 and a beta of 0.75.

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

Molina Healthcare Company 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.