LRT Capital Management LLC purchased a new position in shares of Molina Healthcare, Inc (NYSE:MOH – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 5,217 shares of the company’s stock, valued at approximately $998,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund boosted its holdings in Molina Healthcare by 35.9% in the 3rd quarter. New York State Common Retirement Fund now owns 139,557 shares of the company’s stock valued at $26,706,000 after purchasing an additional 36,831 shares during the last quarter. CenterBook Partners LP increased its holdings in shares of Molina Healthcare by 359.7% during the 3rd quarter. CenterBook Partners LP now owns 20,409 shares of the company’s stock worth $3,905,000 after buying an additional 15,969 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of Molina Healthcare by 289.3% during the 3rd quarter. Merit Financial Group LLC now owns 11,735 shares of the company’s stock worth $2,246,000 after buying an additional 8,721 shares during the last quarter. Gibraltar Capital Management Inc. purchased a new stake in shares of Molina Healthcare during the 3rd quarter valued at approximately $6,709,000. Finally, Cerity Partners LLC raised its position in shares of Molina Healthcare by 245.3% during the 3rd quarter. Cerity Partners LLC now owns 80,608 shares of the company’s stock valued at $15,425,000 after buying an additional 57,266 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on MOH shares. Morgan Stanley lowered their price objective on Molina Healthcare from $158.00 to $128.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 4th. Truist Financial reduced their target price on Molina Healthcare from $190.00 to $145.00 and set a “hold” rating on the stock in a research report on Tuesday, February 17th. The Goldman Sachs Group decreased their price target on Molina Healthcare from $167.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Cantor Fitzgerald lowered their price target on Molina Healthcare from $180.00 to $144.00 and set a “neutral” rating for the company in a report on Monday, February 9th. Finally, Mizuho cut their price objective on Molina Healthcare from $220.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and an average target price of $169.21.
Molina Healthcare Stock Performance
NYSE:MOH opened at $146.66 on Tuesday. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $359.97. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.69 and a current ratio of 1.69. The company has a 50 day moving average price of $162.91 and a 200 day moving average price of $166.85. The stock has a market capitalization of $7.55 billion, a P/E ratio of 17.13 and a beta of 0.52.
Molina Healthcare (NYSE:MOH – Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported ($2.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($3.18). Molina Healthcare had a net margin of 1.04% and a return on equity of 13.60%. The firm had revenue of $11.38 billion during the quarter, compared to analysts’ expectations of $10.90 billion. During the same period in the previous year, the firm earned $5.05 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. Equities research analysts forecast that Molina Healthcare, Inc will post 24.4 EPS 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.
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