Molina Healthcare, Inc $MOH Shares Purchased by Westpac Banking Corp

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MOH. First Horizon Advisors Inc. grew its position in shares of Molina Healthcare by 2,140.0% in the second quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 107 shares during the period. Bogart Wealth LLC acquired a new stake in Molina Healthcare in the 3rd quarter worth about $39,000. CYBER HORNET ETFs LLC purchased a new stake in Molina Healthcare during the 2nd quarter worth approximately $45,000. SJS Investment Consulting Inc. increased its stake in Molina Healthcare by 6,225.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 253 shares of the company’s stock worth $48,000 after buying an additional 249 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Molina Healthcare in the second quarter worth approximately $48,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Price Performance

NYSE:MOH opened at $146.16 on Friday. Molina Healthcare, Inc has a 52 week low of $121.06 and a 52 week high of $359.97. The stock’s fifty day moving average is $168.04 and its two-hundred day moving average is $168.63. The company has a market capitalization of $7.53 billion, a P/E ratio of 17.07 and a beta of 0.49. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.97.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data 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 return on equity of 13.60% and a net margin of 1.04%.The business had revenue of $11.38 billion for the quarter, compared to analyst estimates of $10.90 billion. During the same period in the previous year, the business posted $5.05 earnings per share. 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 analysts expect that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on MOH shares. Mizuho set a $220.00 target price on shares of Molina Healthcare in a research note on Friday, January 9th. TD Cowen decreased their target price on shares of Molina Healthcare from $175.00 to $144.00 and set a “hold” rating on the stock in a research note on Monday, February 9th. UBS Group restated a “neutral” rating and set a $145.00 target price on shares of Molina Healthcare in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft set a $109.00 price target on Molina Healthcare in a report on Tuesday, February 10th. Finally, Wells Fargo & Company set a $141.00 price objective on Molina Healthcare and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $157.86.

Molina Healthcare Company Profile

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.