Ethic Inc. Grows Position in Molina Healthcare, Inc $MOH

Ethic Inc. boosted its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 15.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,869 shares of the company’s stock after purchasing an additional 505 shares during the period. Ethic Inc.’s holdings in Molina Healthcare were worth $1,149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Amalgamated Bank lifted its position in shares of Molina Healthcare by 0.3% in the first quarter. Amalgamated Bank now owns 11,580 shares of the company’s stock valued at $3,814,000 after acquiring an additional 33 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Molina Healthcare by 60.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock valued at $30,000 after acquiring an additional 34 shares in the last quarter. PenderFund Capital Management Ltd. lifted its position in shares of Molina Healthcare by 0.4% in the first quarter. PenderFund Capital Management Ltd. now owns 10,071 shares of the company’s stock valued at $3,317,000 after acquiring an additional 40 shares in the last quarter. Vestcor Inc lifted its position in shares of Molina Healthcare by 2.3% in the first quarter. Vestcor Inc now owns 2,158 shares of the company’s stock valued at $711,000 after acquiring an additional 48 shares in the last quarter. Finally, Elequin Capital LP lifted its position in shares of Molina Healthcare by 170.6% in the first quarter. Elequin Capital LP now owns 92 shares of the company’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on MOH shares. Deutsche Bank Aktiengesellschaft set a $165.00 price objective on Molina Healthcare in a research report on Friday. Sanford C. Bernstein lowered their price objective 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. Barclays reiterated an “underweight” rating and issued a $144.00 target price (down from $185.00) on shares of Molina Healthcare in a research report on Friday. Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Robert W. Baird decreased their target price on Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $203.64.

Insider Buying and Selling

In other Molina Healthcare news, Director Ronna Romney sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total transaction of $107,618.00. Following the sale, the director directly owned 17,131 shares in the company, valued at $2,633,719.94. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO James Woys acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were bought at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the completion of the transaction, the chief operating officer owned 74,331 shares of the company’s stock, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.26% of the company’s stock.

Molina Healthcare Trading Up 1.3%

Shares of MOH stock opened at $163.16 on Monday. Molina Healthcare, Inc has a 1 year low of $151.95 and a 1 year high of $359.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68. The stock’s 50 day simple moving average is $184.20 and its two-hundred day simple moving average is $237.98. The company has a market cap of $8.84 billion, a PE ratio of 10.10 and a beta of 0.55.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data 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 net margin of 1.98% and a return on equity of 22.95%. The company had revenue of $11.48 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the company earned $6.01 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. Research analysts predict 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.