Molina Healthcare, Inc $MOH Shares Acquired by Forum Financial Management LP

Forum Financial Management LP grew its position in Molina Healthcare, Inc (NYSE:MOH) by 34.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,177 shares of the company’s stock after acquiring an additional 301 shares during the quarter. Forum Financial Management LP’s holdings in Molina Healthcare were worth $351,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MOH. Zions Bancorporation National Association UT acquired a new stake in shares of Molina Healthcare in the first quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators lifted its holdings in shares of Molina Healthcare by 60.7% during the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock worth $30,000 after purchasing an additional 34 shares during the period. Elequin Capital LP lifted its holdings in shares of Molina Healthcare by 170.6% during the first 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. Silver Oak Securities Incorporated acquired a new stake in shares of Molina Healthcare during the first quarter worth $34,000. Finally, Allworth Financial LP lifted its holdings in shares of Molina Healthcare by 52.0% during the first quarter. Allworth Financial LP now owns 228 shares of the company’s stock worth $72,000 after purchasing an additional 78 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MOH. Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley set a $158.00 price target on Molina Healthcare in a report on Friday. Sanford C. Bernstein decreased their price target on Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating for the company in a report on Friday, September 5th. UBS Group decreased their price target on Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating for the company in a report on Friday. Finally, Robert W. Baird decreased their price target on Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating for the company in a report on Friday, July 25th. 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, the stock presently has an average rating of “Hold” and an average price target of $203.64.

Insider Transactions at Molina Healthcare

In related news, COO James Woys acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the transaction, the chief operating officer owned 74,331 shares in the company, valued at $11,591,176.14. This trade represents a 15.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronna Romney sold 700 shares of Molina Healthcare stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total value of $107,618.00. Following the sale, the director owned 17,131 shares of the company’s stock, valued at approximately $2,633,719.94. This represents a 3.93% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Up 1.3%

Shares of MOH stock opened at $163.16 on Friday. Molina Healthcare, Inc has a fifty-two week low of $151.95 and a fifty-two week high of $359.97. The stock has a market cap of $8.84 billion, a P/E ratio of 10.10 and a beta of 0.55. The business has a fifty day simple moving average of $184.20 and a 200-day simple moving average of $238.70. The company has a quick ratio of 1.66, a current ratio of 1.68 and a debt-to-equity ratio of 0.92.

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