Molina Healthcare, Inc $MOH Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,546 shares of the company’s stock after selling 5,288 shares during the period. Rhumbline Advisers owned about 0.26% of Molina Healthcare worth $42,166,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in 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 acquiring an additional 1,216,903 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Molina Healthcare by 8.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,487,896 shares of the company’s stock valued at $490,099,000 after acquiring an additional 117,796 shares during the period. 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 purchasing an additional 264,664 shares in the last quarter. Durable Capital Partners LP grew its stake in shares of Molina Healthcare by 13.1% during the 1st quarter. Durable Capital Partners LP now owns 541,605 shares of the company’s stock worth $178,399,000 after purchasing an additional 62,899 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Molina Healthcare by 1.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 465,672 shares of the company’s stock valued at $153,388,000 after purchasing an additional 7,021 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MOH. Cantor Fitzgerald decreased their price objective on shares of Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Truist Financial set a $175.00 price target on shares of Molina Healthcare in a research report on Friday, October 24th. JPMorgan Chase & Co. decreased their price target on Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 29th. Barclays reaffirmed an “underweight” rating and issued a $144.00 price objective (down from $185.00) on shares of Molina Healthcare in a research note on Friday, October 24th. Finally, Sanford C. Bernstein decreased their target price on Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a research report on Friday, September 5th. Three equities research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $198.93.

Insider Activity at Molina Healthcare

In related news, Director Richard M. Schapiro sold 357 shares of Molina Healthcare stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $143.02, for a total transaction of $51,058.14. Following the completion of the sale, the director owned 11,352 shares in the company, valued at approximately $1,623,563.04. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Molina Healthcare Trading Up 2.6%

Shares of MOH opened at $145.29 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68. Molina Healthcare, Inc has a 1-year low of $133.40 and a 1-year high of $359.97. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 9.00 and a beta of 0.55. The firm has a 50 day simple moving average of $171.42 and a 200-day simple moving average of $210.87.

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