Machina Capital S.A.S. Makes New $2.13 Million Investment in Molina Healthcare, Inc $MOH

Machina Capital S.A.S. acquired a new stake in Molina Healthcare, Inc (NYSE:MOH) in the second quarter, Holdings Channel reports. The fund acquired 7,138 shares of the company’s stock, valued at approximately $2,126,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sigma Planning Corp acquired a new stake in Molina Healthcare in the second quarter valued at approximately $767,000. Amplius Wealth Advisors LLC acquired a new stake in Molina Healthcare in the second quarter valued at approximately $237,000. Strs Ohio acquired a new stake in Molina Healthcare in the second quarter valued at approximately $1,864,000. Impact Partnership Wealth LLC acquired a new stake in Molina Healthcare in the second quarter valued at approximately $382,000. Finally, Assetmark Inc. grew its stake in Molina Healthcare by 20,789.3% in the second quarter. Assetmark Inc. now owns 5,849 shares of the company’s stock valued at $1,742,000 after acquiring an additional 5,821 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Robert W. Baird cut their target price on Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. Barclays reaffirmed an “underweight” rating and set a $144.00 target price (down previously from $185.00) on shares of Molina Healthcare in a research report on Friday, October 24th. Wells Fargo & Company lifted their target price on Molina Healthcare from $198.00 to $231.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Sanford C. Bernstein cut their target price on Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. cut their target price on Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 29th. 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 company. According to data from MarketBeat.com, Molina Healthcare currently has an average rating of “Hold” and an average target price of $203.64.

Molina Healthcare Stock Up 1.2%

Shares of NYSE MOH opened at $152.98 on Monday. The business’s fifty day moving average price is $182.71 and its 200-day moving average price is $230.81. The stock has a market capitalization of $8.29 billion, a PE ratio of 9.47 and a beta of 0.55. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68. Molina Healthcare, Inc has a one year low of $147.75 and a one year high of $359.97.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data 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 analysts’ expectations of $10.99 billion. Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company posted $6.01 EPS. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. On average, equities research analysts anticipate that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Insiders Place Their Bets

In other Molina Healthcare news, Director Ronna Romney sold 700 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total value of $107,618.00. Following the transaction, the director directly owned 17,131 shares in the company, valued at $2,633,719.94. This represents a 3.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

About Molina Healthcare

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.