Westpac Banking Corp Raises Stock Position in Molina Healthcare, Inc $MOH

Westpac Banking Corp grew its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 247.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,557 shares of the company’s stock after acquiring an additional 6,803 shares during the period. Westpac Banking Corp’s holdings in Molina Healthcare were worth $1,829,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Molina Healthcare in the 2nd quarter worth $212,113,000. Invesco Ltd. increased its position in Molina Healthcare by 25.9% during the 2nd quarter. Invesco Ltd. now owns 1,601,574 shares of the company’s stock valued at $477,109,000 after purchasing an additional 329,759 shares during the period. Rakuten Investment Management Inc. bought a new position in shares of Molina Healthcare during the third quarter valued at approximately $56,592,000. Vaughan Nelson Investment Management L.P. purchased a new position in Molina Healthcare during the third quarter valued at approximately $52,813,000. Finally, Viking Global Investors LP bought a new position in Molina Healthcare in the second quarter worth approximately $79,665,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MOH shares. Cantor Fitzgerald cut their price target on Molina Healthcare from $180.00 to $144.00 and set a “neutral” rating on the stock in a report on Monday, February 9th. TD Cowen lowered their price target on shares of Molina Healthcare from $175.00 to $144.00 and set a “hold” rating on the stock in a report on Monday, February 9th. UBS Group reiterated a “neutral” rating and set a $145.00 price objective on shares of Molina Healthcare in a research note on Monday, February 9th. Truist Financial lowered their target price on shares of Molina Healthcare from $190.00 to $145.00 and set a “hold” rating for the company in a research note on Tuesday, February 17th. Finally, The Goldman Sachs Group reduced their price target on Molina Healthcare from $167.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Hold” and a consensus target price of $157.86.

Molina Healthcare Trading Up 0.4%

Shares of Molina Healthcare stock opened at $146.16 on Friday. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $359.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $7.53 billion, a PE ratio of 17.07 and a beta of 0.49. The firm has a fifty day moving average price of $168.04 and a 200 day moving average price of $168.63.

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

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.