Magnetar Financial LLC Acquires New Shares in Molina Healthcare, Inc $MOH

Magnetar Financial LLC bought a new stake in Molina Healthcare, Inc (NYSE:MOH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,794 shares of the company’s stock, valued at approximately $3,513,000.

Several other institutional investors have also recently modified their holdings of the company. Whalen Wealth Management Inc. bought a new position in Molina Healthcare in the second quarter worth approximately $1,597,000. Machina Capital S.A.S. purchased a new stake in shares of Molina Healthcare in the 2nd quarter worth $2,126,000. Strs Ohio bought a new stake in Molina Healthcare during the second quarter valued at about $1,864,000. Swedbank AB increased its position in Molina Healthcare by 6.8% in the second quarter. Swedbank AB now owns 102,176 shares of the company’s stock worth $30,438,000 after buying an additional 6,484 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Molina Healthcare by 3,192.6% in the first quarter. Acadian Asset Management LLC now owns 5,762 shares of the company’s stock worth $1,897,000 after buying an additional 5,587 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Up 5.2%

NYSE:MOH opened at $141.45 on Friday. The company’s 50-day simple moving average is $172.04 and its 200-day simple moving average is $213.66. 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, Inc has a fifty-two week low of $133.40 and a fifty-two week high of $359.97. The stock has a market capitalization of $7.67 billion, a P/E ratio of 8.76 and a beta of 0.55.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 EPS for the quarter, missing the consensus estimate of $3.97 by ($2.13). The firm had revenue of $11.48 billion for 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%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $6.01 EPS. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. On average, equities analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. JPMorgan Chase & Co. cut their target price on Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating for the company in a research report on Tuesday, July 29th. Sanford C. Bernstein decreased their target price on Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. Robert W. Baird dropped their price target on Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Molina Healthcare in a report on Wednesday, October 8th. 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.com, Molina Healthcare presently has an average rating of “Hold” and an average price target of $198.93.

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.