Candriam S.C.A. Has $1.10 Million Stake in Molina Healthcare, Inc $MOH

Candriam S.C.A. reduced its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 13.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,698 shares of the company’s stock after selling 599 shares during the quarter. Candriam S.C.A.’s holdings in Molina Healthcare were worth $1,102,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in MOH. Envestnet Asset Management Inc. lifted its stake in shares of Molina Healthcare by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 15,945 shares of the company’s stock worth $5,252,000 after buying an additional 431 shares during the last quarter. South Dakota Investment Council increased its position in Molina Healthcare by 9.1% during the first quarter. South Dakota Investment Council now owns 7,202 shares of the company’s stock worth $2,372,000 after acquiring an additional 600 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Molina Healthcare by 29.4% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 71,552 shares of the company’s stock valued at $23,569,000 after purchasing an additional 16,256 shares during the last quarter. Hendershot Investments Inc. boosted its holdings in Molina Healthcare by 4.8% in the 1st quarter. Hendershot Investments Inc. now owns 27,145 shares of the company’s stock valued at $8,941,000 after purchasing an additional 1,241 shares during the period. Finally, Journey Strategic Wealth LLC acquired a new stake in Molina Healthcare in the 1st quarter worth $211,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $136.98 on Tuesday. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 8.48 and a beta of 0.55. Molina Healthcare, Inc has a 12-month low of $136.48 and a 12-month high of $359.97. 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’s 50-day simple moving average is $175.54 and its 200 day simple moving average is $217.25.

Molina Healthcare (NYSE:MOH) last released its 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 net margin of 1.98% and a return on equity of 22.95%. The business had revenue of $11.48 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the company posted $6.01 earnings per share. The business’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. As a group, research analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of recent research reports. Sanford C. Bernstein dropped their price objective on shares of Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating for the company in a research note on Friday, September 5th. UBS Group dropped their price target on shares of Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $165.00 price objective on Molina Healthcare in a report on Friday, October 24th. Cantor Fitzgerald cut their target price on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Finally, Truist Financial set a $175.00 price objective on Molina Healthcare in a research note on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $198.93.

Molina Healthcare Profile

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.