Swiss National Bank Raises Stake in Molina Healthcare, Inc $MOH

Swiss National Bank boosted its holdings in Molina Healthcare, Inc (NYSE:MOH) by 2.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 165,600 shares of the company’s stock after buying an additional 4,300 shares during the period. Swiss National Bank owned approximately 0.31% of Molina Healthcare worth $49,332,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new position in shares of Molina Healthcare in the 1st quarter valued at $29,000. Elequin Capital LP boosted its position in 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 purchasing an additional 58 shares during the period. First Horizon Advisors Inc. increased its holdings in 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 purchasing an additional 107 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in 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 valued at $76,000 after purchasing an additional 247 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in shares of Molina Healthcare during the 2nd quarter valued at about $94,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Trading Up 2.6%

NYSE:MOH opened at $145.29 on Tuesday. 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 company has a market cap 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. The business’s 50 day moving average is $171.42 and its two-hundred day moving average is $210.87.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 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 analyst estimates of $10.99 billion. During the same period in the prior year, the firm earned $6.01 EPS. The business’s revenue for the quarter 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. On average, analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Insider Activity at Molina Healthcare

In related news, Director Richard M. Schapiro sold 357 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were 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 of the company’s stock, valued at $1,623,563.04. This represents a 3.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 29th. Morgan Stanley set a $158.00 target price on Molina Healthcare in a research note on Friday, October 24th. Wells Fargo & Company dropped their target price on Molina Healthcare from $231.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft set a $165.00 price target on Molina Healthcare in a report on Friday, October 24th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Molina Healthcare in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Molina Healthcare presently has an average rating of “Hold” and an average target price of $198.93.

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.