Forsta AP Fonden Sells 400 Shares of Molina Healthcare, Inc $MOH

Forsta AP Fonden lessened its position in Molina Healthcare, Inc (NYSE:MOH) by 3.5% in the second quarter, Holdings Channel.com reports. The firm owned 10,900 shares of the company’s stock after selling 400 shares during the quarter. Forsta AP Fonden’s holdings in Molina Healthcare were worth $3,247,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MOH. Zions Bancorporation National Association UT bought a new stake in shares of Molina Healthcare during the first quarter worth about $29,000. Elequin Capital LP raised its holdings in Molina Healthcare by 170.6% in the 1st quarter. Elequin Capital LP now owns 92 shares of the company’s stock valued at $30,000 after buying an additional 58 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Molina Healthcare by 2,140.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock worth $33,000 after buying an additional 107 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Molina Healthcare by 2,744.4% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the company’s stock worth $76,000 after acquiring an additional 247 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Molina Healthcare in the 2nd quarter valued at approximately $94,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MOH shares. Robert W. Baird cut their price target on shares of Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. The Goldman Sachs Group lowered their target price on Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Morgan Stanley set a $158.00 target price on Molina Healthcare in a report on Friday, October 24th. Cantor Fitzgerald reduced their price target on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Finally, UBS Group lowered their price objective on Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $198.93.

Molina Healthcare Stock Performance

Shares of MOH opened at $137.38 on Friday. 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 firm’s fifty day simple moving average is $176.31 and its two-hundred day simple moving average is $219.26. Molina Healthcare, Inc has a 12 month low of $136.48 and a 12 month high of $359.97. The stock has a market capitalization of $7.45 billion, a P/E ratio of 8.51 and a beta of 0.55.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the firm earned $6.01 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Molina Healthcare Company 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.