Inceptionr LLC Takes Position in Molina Healthcare, Inc $MOH

Inceptionr LLC purchased a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) in the second quarter, HoldingsChannel.com reports. The firm purchased 3,121 shares of the company’s stock, valued at approximately $930,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Whalen Wealth Management Inc. acquired a new position in shares of Molina Healthcare in the second quarter worth about $1,597,000. Machina Capital S.A.S. acquired a new stake in Molina Healthcare during the 2nd quarter valued at approximately $2,126,000. Strs Ohio purchased a new stake in Molina Healthcare during the 2nd quarter worth approximately $1,864,000. Swedbank AB increased its holdings in Molina Healthcare by 6.8% during the 2nd quarter. Swedbank AB now owns 102,176 shares of the company’s stock worth $30,438,000 after purchasing an additional 6,484 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Molina Healthcare by 3,192.6% in the 1st quarter. Acadian Asset Management LLC now owns 5,762 shares of the company’s stock valued at $1,897,000 after purchasing an additional 5,587 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MOH shares. Sanford C. Bernstein decreased 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Molina Healthcare in a research note on Wednesday, October 8th. Morgan Stanley set a $158.00 price objective on shares of Molina Healthcare in a report on Friday, October 24th. Wells Fargo & Company dropped their target price on shares of Molina Healthcare from $231.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Finally, Truist Financial set a $175.00 price target on shares of Molina Healthcare in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $198.93.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 357 shares of the firm’s stock in a transaction dated 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 owned 11,352 shares of the company’s stock, valued at $1,623,563.04. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $148.43 on Thursday. 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 12 month low of $133.40 and a 12 month high of $359.97. The company has a fifty day moving average price of $170.27 and a two-hundred day moving average price of $209.19. The company has a market cap of $8.04 billion, a PE ratio of 9.19 and a beta of 0.55.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results 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). Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The business had revenue of $11.48 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the business posted $6.01 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. Research analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

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.