Vise Technologies Inc. Makes New $449,000 Investment in Molina Healthcare, Inc $MOH

Vise Technologies Inc. acquired a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,508 shares of the company’s stock, valued at approximately $449,000.

Several other hedge funds have also recently modified their holdings of MOH. Zions Bancorporation National Association UT purchased a new position in Molina Healthcare during the first quarter valued at $29,000. Elequin Capital LP boosted its holdings in shares of Molina Healthcare by 170.6% during the 1st quarter. Elequin Capital LP now owns 92 shares of the company’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Molina Healthcare by 2,140.0% during the second quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 107 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Molina Healthcare by 2,744.4% in the second quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the company’s stock worth $76,000 after purchasing an additional 247 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Molina Healthcare in the second quarter worth about $94,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MOH shares. The Goldman Sachs Group cut their price target on Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Wall Street Zen lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Truist Financial set a $175.00 price target on shares of Molina Healthcare in a research note on Friday, October 24th. Robert W. Baird lowered their price objective on shares of Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating for the company in a research report on Friday, July 25th. Finally, TD Cowen downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 target price on the stock. in a report on Thursday, October 16th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $198.93.

Molina Healthcare Stock Down 0.8%

Shares of MOH opened at $137.38 on Friday. 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 business has a fifty day moving average of $176.31 and a 200 day moving average of $219.26. The company has a market cap of $7.45 billion, a PE ratio of 8.51 and a beta of 0.55. Molina Healthcare, Inc has a 52-week low of $136.48 and a 52-week high of $359.97.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 22nd. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($2.13). The firm had revenue of $11.48 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $6.01 EPS. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. On average, sell-side analysts expect that Molina Healthcare, Inc will post 24.4 EPS 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.