Natixis Raises Stake in Molina Healthcare, Inc $MOH

Natixis increased its stake in Molina Healthcare, Inc (NYSE:MOH) by 3,687.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,952 shares of the company’s stock after purchasing an additional 12,610 shares during the quarter. Natixis’ holdings in Molina Healthcare were worth $3,858,000 at the end of the most recent quarter.

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

Molina Healthcare Stock Up 2.3%

MOH opened at $160.41 on Thursday. The firm has a market cap of $8.69 billion, a P/E ratio of 9.93 and a beta of 0.52. The business’s fifty day simple moving average is $163.13 and its 200 day simple moving average is $197.57. Molina Healthcare, Inc has a 52 week low of $133.40 and a 52 week high of $359.97. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92.

Molina Healthcare (NYSE:MOH) last released its 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). Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. The firm had revenue of $11.48 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the company posted $6.01 earnings per share. Molina Healthcare’s revenue for the quarter was up 11.0% on a year-over-year basis. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. As a group, equities research analysts anticipate that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on MOH shares. Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Cantor Fitzgerald dropped their price target on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. TD Cowen lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price objective on the stock. in a research report on Thursday, October 16th. UBS Group lowered their price objective on shares of Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Finally, The Goldman Sachs Group cut their target price on shares of Molina Healthcare from $207.00 to $167.00 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 assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $198.93.

Insider Activity

In related news, Director Richard M. Schapiro sold 357 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $143.02, for a total transaction of $51,058.14. Following the sale, the director owned 11,352 shares in the company, valued at approximately $1,623,563.04. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Molina Healthcare 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.