Cerity Partners LLC Increases Stake in Molina Healthcare, Inc $MOH

Cerity Partners LLC lifted its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 245.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 80,608 shares of the company’s stock after purchasing an additional 57,266 shares during the period. Cerity Partners LLC owned about 0.15% of Molina Healthcare worth $15,425,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its stake in shares of Molina Healthcare by 2,140.0% during the second quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 107 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Molina Healthcare during the 2nd quarter valued at about $45,000. SJS Investment Consulting Inc. boosted its holdings in Molina Healthcare by 6,225.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 253 shares of the company’s stock valued at $48,000 after acquiring an additional 249 shares during the period. MUFG Securities EMEA plc bought a new position in Molina Healthcare during the 2nd quarter worth approximately $48,000. Finally, Zions Bancorporation National Association UT increased its stake in Molina Healthcare by 121.8% in the 2nd quarter. Zions Bancorporation National Association UT now owns 193 shares of the company’s stock worth $57,000 after purchasing an additional 106 shares during the period. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Trading Down 1.1%

NYSE:MOH opened at $181.50 on Friday. Molina Healthcare, Inc has a 12 month low of $133.40 and a 12 month high of $359.97. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average price of $156.78 and a 200-day moving average price of $178.95. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 11.24 and a beta of 0.49.

Molina Healthcare (NYSE:MOH) last announced its quarterly 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). 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 in the prior year, the firm earned $6.01 EPS. Molina Healthcare’s quarterly revenue was up 11.0% compared to the same quarter last year. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. Equities analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MOH shares. Barclays increased their price objective on Molina Healthcare from $144.00 to $164.00 and gave the company an “underweight” rating in a research note on Monday. Sanford C. Bernstein reissued an “outperform” rating and set a $224.00 price target on shares of Molina Healthcare in a research report on Tuesday. Truist Financial set a $175.00 price objective on shares of Molina Healthcare in a research report on Friday, October 24th. Wells Fargo & Company upped their price objective on shares of Molina Healthcare from $165.00 to $208.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Jefferies Financial Group set a $160.00 target price on Molina Healthcare in a research note on Tuesday, December 16th. Three equities 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $193.47.

Insider Activity

In other news, Director Richard M. Schapiro sold 357 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $143.02, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Molina Healthcare Profile

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.