Molina Healthcare, Inc $MOH Stock Position Lifted by American Century Companies Inc.

American Century Companies Inc. boosted its stake in Molina Healthcare, Inc (NYSE:MOH) by 18.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,198 shares of the company’s stock after buying an additional 4,005 shares during the quarter. American Century Companies Inc.’s holdings in Molina Healthcare were worth $7,506,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Molina Healthcare by 46.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,838,043 shares of the company’s stock worth $1,264,214,000 after purchasing an additional 1,216,903 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Molina Healthcare by 42.7% in the 1st quarter. AQR Capital Management LLC now owns 884,958 shares of the company’s stock valued at $288,125,000 after buying an additional 264,664 shares in the last quarter. Fiera Capital Corp acquired a new position in Molina Healthcare in the second quarter worth approximately $42,644,000. Nuveen LLC bought a new position in Molina Healthcare during the first quarter valued at approximately $46,441,000. Finally, T. Rowe Price Investment Management Inc. raised its position in Molina Healthcare by 8.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,487,896 shares of the company’s stock valued at $490,099,000 after acquiring an additional 117,796 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

NYSE:MOH opened at $151.86 on Friday. Molina Healthcare, Inc has a 52-week low of $133.40 and a 52-week high of $359.97. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 9.40 and a beta of 0.52. The firm’s 50-day moving average is $165.23 and its 200-day moving average is $201.68.

Molina Healthcare (NYSE:MOH) last announced 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 firm had revenue of $11.48 billion during the quarter, compared to the consensus estimate of $10.99 billion. Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.Molina Healthcare’s revenue 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. Equities research analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on MOH. Deutsche Bank Aktiengesellschaft set a $165.00 target price on shares of Molina Healthcare in a research report on Friday, October 24th. Sanford C. Bernstein reduced 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 lowered their target price on shares of Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. TD Cowen lowered 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. Finally, Cantor Fitzgerald decreased their price target on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Molina Healthcare has an average rating of “Hold” and an average price target of $198.93.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 357 shares of the firm’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 transaction, the director owned 11,352 shares in the company, valued at $1,623,563.04. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.

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.