Y Intercept Hong Kong Ltd Makes New Investment in Molina Healthcare, Inc $MOH

Y Intercept Hong Kong Ltd bought a new position in shares of Molina Healthcare, Inc (NYSE:MOH) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,869 shares of the company’s stock, valued at approximately $2,940,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOH. Price T Rowe Associates Inc. MD grew its stake in shares of Molina Healthcare by 46.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,838,043 shares of the company’s stock worth $1,264,214,000 after buying an additional 1,216,903 shares during the last quarter. AQR Capital Management LLC increased its holdings in Molina Healthcare by 42.7% in the first quarter. AQR Capital Management LLC now owns 884,958 shares of the company’s stock valued at $288,125,000 after purchasing an additional 264,664 shares during the period. Nuveen LLC acquired a new stake in Molina Healthcare in the first quarter valued at $46,441,000. T. Rowe Price Investment Management Inc. increased its holdings in Molina Healthcare by 8.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,487,896 shares of the company’s stock valued at $490,099,000 after purchasing an additional 117,796 shares during the period. Finally, Durable Capital Partners LP increased its holdings in Molina Healthcare by 13.1% in the first quarter. Durable Capital Partners LP now owns 541,605 shares of the company’s stock valued at $178,399,000 after purchasing an additional 62,899 shares during the period. Institutional investors own 98.50% of the company’s stock.

Insider Activity

In other news, Director Ronna Romney sold 700 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total transaction of $107,618.00. Following the transaction, the director owned 17,131 shares in the company, valued at approximately $2,633,719.94. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO James Woys acquired 10,000 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were bought at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the acquisition, the chief operating officer directly owned 74,331 shares of the company’s stock, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MOH has been the topic of a number of recent analyst reports. Sanford C. Bernstein cut their price objective on Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. Truist Financial set a $175.00 price objective on Molina Healthcare in a research note on Friday, October 24th. Robert W. Baird cut their price objective on Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating on the stock in a research note on Friday, July 25th. The Goldman Sachs Group cut their price objective on Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Finally, Wells Fargo & Company boosted their target price on shares of Molina Healthcare from $198.00 to $231.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $203.64.

Molina Healthcare Price Performance

MOH stock opened at $151.15 on Friday. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 9.36 and a beta of 0.55. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92. Molina Healthcare, Inc has a 12-month low of $151.02 and a 12-month high of $359.97. The company’s fifty day simple moving average is $183.14 and its 200 day simple moving average is $233.61.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($2.13). Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. The firm had revenue of $11.48 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the firm earned $6.01 EPS. Molina Healthcare’s quarterly revenue was up 11.0% on a year-over-year basis. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. On average, analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

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.