Jackson Thornton Wealth Management LLC Takes $654,000 Position in Molina Healthcare, Inc $MOH

Jackson Thornton Wealth Management LLC bought a new position in Molina Healthcare, Inc (NYSE:MOH) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 3,221 shares of the company’s stock, valued at approximately $654,000.

Several other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Molina Healthcare during the 2nd quarter valued at about $212,113,000. Invesco Ltd. grew its position in Molina Healthcare by 25.9% in the second quarter. Invesco Ltd. now owns 1,601,574 shares of the company’s stock worth $477,109,000 after acquiring an additional 329,759 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Molina Healthcare during the 3rd quarter worth $52,813,000. Viking Global Investors LP bought a new stake in Molina Healthcare in the second quarter worth $79,665,000. Finally, Marshall Wace LLP raised its stake in shares of Molina Healthcare by 2,768.3% in the 2nd quarter. Marshall Wace LLP now owns 248,740 shares of the company’s stock valued at $74,100,000 after acquiring an additional 240,068 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MOH. The Goldman Sachs Group dropped their target price on Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Mizuho set a $220.00 target price on shares of Molina Healthcare in a research note on Friday, January 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Molina Healthcare in a research report on Wednesday, October 8th. Morgan Stanley set a $158.00 price objective on Molina Healthcare in a research report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft set a $165.00 price objective on shares of Molina Healthcare in a report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $193.47.

Molina Healthcare Stock Down 1.9%

Shares of MOH stock opened at $190.02 on Tuesday. Molina Healthcare, Inc has a 52-week low of $133.40 and a 52-week high of $359.97. The stock has a market cap of $10.30 billion, a price-to-earnings ratio of 11.85 and a beta of 0.49. The firm’s 50-day moving average is $161.59 and its 200-day moving average is $173.52. 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 issued its quarterly earnings results 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). The company had revenue of $11.48 billion for the quarter, compared to analyst estimates of $10.99 billion. Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $6.01 EPS. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. Sell-side analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 357 shares of the business’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 transaction, the director directly owned 11,352 shares of the company’s stock, valued at approximately $1,623,563.04. The trade was a 3.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

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.