Molina Healthcare, Inc $MOH Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB increased its stake in Molina Healthcare, Inc (NYSE:MOH) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,587 shares of the company’s stock after purchasing an additional 125 shares during the period. Nordea Investment Management AB’s holdings in Molina Healthcare were worth $1,355,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in Molina Healthcare in the 1st quarter worth approximately $29,000. Deseret Mutual Benefit Administrators boosted its stake in Molina Healthcare by 60.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock worth $30,000 after purchasing an additional 34 shares in the last quarter. Elequin Capital LP boosted its stake in Molina Healthcare by 170.6% in the 1st quarter. Elequin Capital LP now owns 92 shares of the company’s stock worth $30,000 after purchasing an additional 58 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in Molina Healthcare in the 1st quarter worth approximately $34,000. Finally, Allworth Financial LP boosted its stake in Molina Healthcare by 52.0% in the 1st quarter. Allworth Financial LP now owns 228 shares of the company’s stock worth $72,000 after purchasing an additional 78 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. TD Cowen cut shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 target price for the company. in a research note on Thursday, October 16th. UBS Group lowered their target price on shares of Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. Wells Fargo & Company raised their price target on shares of Molina Healthcare from $198.00 to $231.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Wall Street Zen lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th. Finally, Robert W. Baird reduced their price target on shares of Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating for the company in a research report on Friday, July 25th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $222.15.

Molina Healthcare Price Performance

NYSE:MOH opened at $160.84 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 9.96 and a beta of 0.55. The company has a 50 day moving average price of $184.29 and a 200-day moving average price of $240.48. Molina Healthcare, Inc has a 1-year low of $151.95 and a 1-year high of $359.97.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, October 22nd. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($2.13). The firm had revenue of $11.48 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Molina Healthcare had a net margin of 1.98% and a return on equity of 22.60%. Molina Healthcare’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $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 at Molina Healthcare

In other news, Director Ronna Romney sold 700 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total transaction of $107,618.00. Following the completion of the transaction, the director directly owned 17,131 shares of the company’s stock, valued at $2,633,719.94. The trade was a 3.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James Woys bought 10,000 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were purchased at an average cost of $155.94 per share, with a total value of $1,559,400.00. Following the completion of the acquisition, the chief operating officer owned 74,331 shares in the company, valued at approximately $11,591,176.14. This represents a 15.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by 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.