Sendero Wealth Management LLC Sells 5,595 Shares of Molina Healthcare, Inc $MOH

Sendero Wealth Management LLC reduced its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 34.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,778 shares of the company’s stock after selling 5,595 shares during the period. Sendero Wealth Management LLC’s holdings in Molina Healthcare were worth $2,062,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in 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 purchasing an additional 107 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Molina Healthcare in the second quarter valued at about $45,000. MUFG Securities EMEA plc acquired a new position in shares of Molina Healthcare during the second quarter worth about $48,000. Zions Bancorporation National Association UT grew its holdings in shares of Molina Healthcare by 121.8% during the second quarter. Zions Bancorporation National Association UT now owns 193 shares of the company’s stock worth $57,000 after buying an additional 106 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Molina Healthcare by 2,744.4% during the second quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the company’s stock worth $76,000 after buying an additional 247 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Up 0.9%

Shares of MOH opened at $162.33 on Thursday. The stock has a market capitalization of $8.80 billion, a PE ratio of 10.05 and a beta of 0.52. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92. The firm’s 50 day moving average is $159.56 and its 200-day moving average is $192.70. Molina Healthcare, Inc has a 12 month low of $133.40 and a 12 month high of $359.97.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, October 22nd. The company reported $1.84 earnings per share 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 the consensus estimate of $10.99 billion. Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.01 earnings per share. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. Equities research analysts forecast that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Insider Activity

In related news, Director Richard M. Schapiro sold 357 shares of the 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MOH. TD Cowen downgraded Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price target for the company. in a research report on Thursday, October 16th. Morgan Stanley set a $158.00 target price on shares of Molina Healthcare in a report on Friday, October 24th. The Goldman Sachs Group decreased their price objective on Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Jefferies Financial Group set a $160.00 target price on shares of Molina Healthcare in a research note on Tuesday. Finally, Cantor Fitzgerald lowered their price target on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $196.33.

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.