Arrowgrass Capital Partners Llp adds Molina Healthcare (MOH) to its portfolio

Molina Healthcare (MOH) : Arrowgrass Capital Partners Llp added new position in Molina Healthcare during the most recent quarter end. The investment management firm now holds 250,000 shares of Molina Healthcare which is valued at $14,462,500 , the company said in a statement filed on Aug 15, 2016 with the SEC.Molina Healthcare makes up approximately 5.04% of Arrowgrass Capital Partners Llp’s portfolio.

Other Hedge Funds, Including , Arrowgrass Capital Partners (us) Lp added MOH to its portfolio by purchasing 110,000 company shares during the most recent quarter which is valued at $6,363,500. Molina Healthcare makes up approx 0.15% of Arrowgrass Capital Partners (us) Lp’s portfolio.Pacer Advisors boosted its stake in MOH in the latest quarter, The investment management firm added 3,414 additional shares and now holds a total of 7,468 shares of Molina Healthcare which is valued at $432,024. Molina Healthcare makes up approx 0.07% of Pacer Advisors’s portfolio.Hsbc Holdings Plc boosted its stake in MOH in the latest quarter, The investment management firm added 1,537 additional shares and now holds a total of 4,939 shares of Molina Healthcare which is valued at $285,721.New York State Common Retirement Fund reduced its stake in MOH by selling 60,266 shares or 13.74% in the most recent quarter. The Hedge Fund company now holds 378,243 shares of MOH which is valued at $21,881,358. Molina Healthcare makes up approx 0.03% of New York State Common Retirement Fund’s portfolio.Jennison Associates reduced its stake in MOH by selling 16,031 shares or 1.95% in the most recent quarter. The Hedge Fund company now holds 806,821 shares of MOH which is valued at $47,255,506. Molina Healthcare makes up approx 0.05% of Jennison Associates’s portfolio.

Molina Healthcare closed down -0.27 points or -0.50% at $53.54 with 4,87,115 shares getting traded on Thursday. Post opening the session at $53.67, the shares hit an intraday low of $52.784 and an intraday high of $54.13 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Molina Healthcare reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.53. The company had revenue of $4359.00 million for the quarter, compared to analysts expectations of $4356.07 million. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Molina Healthcare Inc. provides health care to those receiving Government assistance. The Company offers Medicaid-related solutions for low-income families and individuals and assists state agencies in their administration of the Medicaid program. The Company operates through two segments: Health Plans segment and Molina Medicaid Solutions segment. The Company’s Health Plans segment consists of health plans in around 11 states and includes its direct delivery business. The Company’s direct delivery business consists primarily of the management of a hospital in southern California and the operation of primary care clinics in several states in which the Company operates. The Company’s Molina Medicaid Solutions segment provides business processing and information technology development and administrative services to Medicaid agencies in Idaho Louisiana Maine New Jersey West Virginia and the United States Virgin Islands and drug rebate administration services in Florida.

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