Cresset Asset Management LLC Acquires 4,883 Shares of Molina Healthcare, Inc $MOH

Cresset Asset Management LLC increased its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 103.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,596 shares of the company’s stock after purchasing an additional 4,883 shares during the period. Cresset Asset Management LLC’s holdings in Molina Healthcare were worth $1,836,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. AustralianSuper Pty Ltd acquired a new stake in Molina Healthcare in the 3rd quarter valued at approximately $10,292,000. South Dakota Investment Council increased its position in Molina Healthcare by 655.8% in the 3rd quarter. South Dakota Investment Council now owns 49,142 shares of the company’s stock worth $9,404,000 after buying an additional 42,640 shares during the period. Level Four Advisory Services LLC lifted its holdings in shares of Molina Healthcare by 2.1% during the third quarter. Level Four Advisory Services LLC now owns 8,373 shares of the company’s stock worth $1,602,000 after buying an additional 172 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Molina Healthcare by 344.3% in the third quarter. Victory Capital Management Inc. now owns 963,526 shares of the company’s stock valued at $184,380,000 after acquiring an additional 746,639 shares during the period. Finally, Strive Asset Management LLC bought a new stake in shares of Molina Healthcare in the third quarter valued at approximately $1,914,000. Institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

MOH has been the topic of several research analyst reports. Barclays lowered their price objective on shares of Molina Healthcare from $164.00 to $133.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 10th. Morgan Stanley reduced their price target on shares of Molina Healthcare from $158.00 to $128.00 and set an “equal weight” rating for the company in a report on Wednesday, March 4th. Jefferies Financial Group set a $160.00 price target on shares of Molina Healthcare in a research report on Tuesday, December 16th. UBS Group restated a “neutral” rating and set a $145.00 price objective on shares of Molina Healthcare in a report on Monday, February 9th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $224.00 price objective on shares of Molina Healthcare in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $155.71.

Molina Healthcare Stock Down 2.0%

MOH opened at $144.70 on Monday. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 16.90 and a beta of 0.52. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.69 and a current ratio of 1.69. The firm’s 50-day simple moving average is $166.24 and its 200-day simple moving average is $168.04. Molina Healthcare, Inc has a twelve month low of $121.06 and a twelve month high of $359.97.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($2.75) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($3.18). The firm had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $10.90 billion. Molina Healthcare had a return on equity of 13.60% and a net margin of 1.04%.Molina Healthcare’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $5.05 earnings per share. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. Equities research analysts anticipate that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

Molina Healthcare Company 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.