Entropy Technologies LP Invests $1 Million in Molina Healthcare, Inc. (NYSE:MOH)

Entropy Technologies LP acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,906 shares of the company's stock, valued at approximately $1,001,000.

Other large investors have also added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in Molina Healthcare by 5.5% in the 1st quarter. Sei Investments Co. now owns 41,038 shares of the company's stock worth $16,859,000 after purchasing an additional 2,157 shares in the last quarter. US Bancorp DE lifted its stake in shares of Molina Healthcare by 7.8% in the first quarter. US Bancorp DE now owns 2,332 shares of the company's stock worth $958,000 after buying an additional 168 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Molina Healthcare by 28.4% during the first quarter. ProShare Advisors LLC now owns 10,352 shares of the company's stock valued at $4,253,000 after buying an additional 2,288 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Molina Healthcare by 92.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 76,447 shares of the company's stock worth $31,407,000 after purchasing an additional 36,769 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Molina Healthcare by 9.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 72,571 shares of the company's stock worth $29,814,000 after buying an additional 6,509 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Price Performance

MOH stock traded down $3.43 during midday trading on Thursday, hitting $305.87. The company's stock had a trading volume of 676,211 shares, compared to its average volume of 538,938. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The company has a 50 day moving average of $329.37 and a two-hundred day moving average of $326.23. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping analysts' consensus estimates of $5.96 by $0.05. The firm had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. Molina Healthcare's revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.05 earnings per share. On average, analysts expect that Molina Healthcare, Inc. will post 23.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MOH shares. TD Cowen reduced their price target on shares of Molina Healthcare from $412.00 to $351.00 and set a "buy" rating for the company in a research note on Wednesday, July 24th. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Wells Fargo & Company lifted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Jefferies Financial Group dropped their target price on Molina Healthcare from $354.00 to $297.00 and set a "hold" rating on the stock in a research report on Wednesday, July 24th. Finally, Barclays upped their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $367.17.

Molina Healthcare 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.