Molina Healthcare, Inc $MOH Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its position in Molina Healthcare, Inc (NYSE:MOH) by 20.1% during the second quarter, HoldingsChannel reports. The firm owned 13,137 shares of the company’s stock after selling 3,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Molina Healthcare were worth $3,914,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Molina Healthcare by 46.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,838,043 shares of the company’s stock worth $1,264,214,000 after purchasing an additional 1,216,903 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Molina Healthcare by 42.7% during the 1st quarter. AQR Capital Management LLC now owns 884,958 shares of the company’s stock worth $288,125,000 after acquiring an additional 264,664 shares in the last quarter. Fiera Capital Corp purchased a new position in shares of Molina Healthcare in the 2nd quarter valued at about $42,644,000. Nuveen LLC acquired a new stake in shares of Molina Healthcare during the 1st quarter worth about $46,441,000. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Molina Healthcare by 8.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,487,896 shares of the company’s stock worth $490,099,000 after purchasing an additional 117,796 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Molina Healthcare

In related news, Director Richard M. Schapiro sold 357 shares of Molina Healthcare stock in a transaction on Monday, November 24th. The shares were sold at an average price of $143.02, for a total value of $51,058.14. Following the transaction, the director directly owned 11,352 shares in the company, valued at $1,623,563.04. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 29th. Sanford C. Bernstein reduced their price target on shares of Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating for the company in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $165.00 price objective on Molina Healthcare in a report on Friday, October 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Molina Healthcare in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their target price on Molina Healthcare from $231.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $198.93.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $145.29 on Tuesday. The stock’s 50-day moving average price is $171.42 and its 200 day moving average price is $210.87. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $7.87 billion, a PE ratio of 9.00 and a beta of 0.55. Molina Healthcare, Inc has a 52-week low of $133.40 and a 52-week high of $359.97.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 earnings per share 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 analyst estimates of $10.99 billion. Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $6.01 earnings per share. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. As a group, equities research analysts forecast that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Molina Healthcare Company 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.