Molina Healthcare (NYSE:MOH) Sets New 1-Year Low – Here’s Why

Molina Healthcare, Inc (NYSE:MOH)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $145.03 and last traded at $147.63, with a volume of 280355 shares traded. The stock had previously closed at $147.12.

Analyst Upgrades and Downgrades

MOH has been the subject of several recent analyst reports. Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Truist Financial set a $175.00 target price on shares of Molina Healthcare in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $165.00 price target on shares of Molina Healthcare in a research note on Friday, October 24th. UBS Group lowered their price objective on shares of Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Finally, Cantor Fitzgerald cut their target price on shares of Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $203.64.

Molina Healthcare Stock Performance

The firm has a market capitalization of $7.98 billion, a P/E ratio of 9.13 and a beta of 0.55. The company has a 50-day moving average of $180.60 and a 200-day moving average of $227.26. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). The company had revenue of $11.48 billion for the quarter, compared to the consensus estimate of $10.99 billion. Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.Molina Healthcare’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $6.01 earnings per share. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. On average, equities analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Zions Bancorporation National Association UT acquired a new stake in Molina Healthcare during the first quarter worth approximately $29,000. Elequin Capital LP grew its position in shares of Molina Healthcare by 170.6% during the 1st quarter. Elequin Capital LP now owns 92 shares of the company’s stock worth $30,000 after buying an additional 58 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Molina Healthcare by 2,140.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 107 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Molina Healthcare during the 2nd quarter valued at $45,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Molina Healthcare during the 2nd quarter valued at $48,000. 98.50% of the stock is owned by institutional investors and hedge funds.

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.