Corient Private Wealth LLC Grows Position in Molina Healthcare, Inc $MOH

Corient Private Wealth LLC lifted its position in Molina Healthcare, Inc (NYSE:MOH) by 76.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,159 shares of the company’s stock after purchasing an additional 4,831 shares during the period. Corient Private Wealth LLC’s holdings in Molina Healthcare were worth $3,324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MOH. HighTower Advisors LLC increased its position in shares of Molina Healthcare by 16.9% in the first quarter. HighTower Advisors LLC now owns 2,387 shares of the company’s stock valued at $786,000 after acquiring an additional 345 shares during the period. Raymond James Financial Inc. increased its holdings in Molina Healthcare by 13.9% during the 1st quarter. Raymond James Financial Inc. now owns 41,983 shares of the company’s stock valued at $13,829,000 after purchasing an additional 5,135 shares during the period. Norinchukin Bank The raised its position in Molina Healthcare by 14.2% during the 1st quarter. Norinchukin Bank The now owns 3,159 shares of the company’s stock valued at $1,041,000 after purchasing an additional 392 shares during the last quarter. Compound Planning Inc. bought a new position in Molina Healthcare during the 1st quarter valued at approximately $222,000. Finally, Allstate Corp lifted its holdings in Molina Healthcare by 41.1% in the 1st quarter. Allstate Corp now owns 2,408 shares of the company’s stock worth $793,000 after buying an additional 701 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MOH shares. Barclays restated an “underweight” rating and set a $144.00 target price (down previously from $185.00) on shares of Molina Healthcare in a report on Friday, October 24th. Cantor Fitzgerald decreased their price objective on shares of Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, October 24th. TD Cowen lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 target price on the stock. in a research note on Thursday, October 16th. Morgan Stanley set a $158.00 price target on shares of Molina Healthcare in a research note on Friday, October 24th. Finally, Sanford C. Bernstein lowered their price objective on shares of Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating for the company in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $196.33.

Insider Activity at Molina Healthcare

In other news, Director Richard M. Schapiro sold 357 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $143.02, for a total transaction of $51,058.14. Following the completion of the transaction, the director directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH opened at $163.74 on Monday. Molina Healthcare, Inc has a fifty-two week low of $133.40 and a fifty-two week high of $359.97. The firm’s 50-day simple moving average is $158.21 and its two-hundred day simple moving average is $190.13. The stock has a market cap of $8.87 billion, a PE ratio of 10.14 and a beta of 0.52. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.68 and a current ratio of 1.68.

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 the consensus estimate of $3.97 by ($2.13). The business had revenue of $11.48 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. Molina Healthcare’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.01 earnings per share. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. Analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.