Symphony Financial Ltd. Co. Takes $15.97 Million Position in Molina Healthcare, Inc $MOH

Symphony Financial Ltd. Co. acquired a new position in Molina Healthcare, Inc (NYSE:MOH) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 53,622 shares of the company’s stock, valued at approximately $15,974,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MOH. Price T Rowe Associates Inc. MD lifted its holdings in Molina Healthcare by 46.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,838,043 shares of the company’s stock worth $1,264,214,000 after purchasing an additional 1,216,903 shares in the last quarter. AQR Capital Management LLC grew its holdings in Molina Healthcare by 42.7% during the 1st quarter. AQR Capital Management LLC now owns 884,958 shares of the company’s stock valued at $288,125,000 after buying an additional 264,664 shares in the last quarter. Fiera Capital Corp bought a new stake in shares of Molina Healthcare during the second quarter valued at approximately $42,644,000. Nuveen LLC purchased a new position in shares of Molina Healthcare in the first quarter worth $46,441,000. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of 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 worth $490,099,000 after buying an additional 117,796 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the subject of several research analyst reports. 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. Morgan Stanley set a $158.00 price objective on shares of Molina Healthcare in a report on Friday, October 24th. Truist Financial set a $175.00 price objective on Molina Healthcare in a research report on Friday, October 24th. Sanford C. Bernstein reduced their target price on Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a report on Friday, September 5th. Finally, Cantor Fitzgerald dropped their price target on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $198.93.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $136.98 on Tuesday. The company’s 50-day moving average price is $175.54 and its 200-day moving average price is $217.25. Molina Healthcare, Inc has a twelve month low of $136.48 and a twelve month high of $359.97. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92. The company has a market cap of $7.42 billion, a PE ratio of 8.48 and a beta of 0.55.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). The business had revenue of $11.48 billion during 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 firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $6.01 EPS. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. On average, equities research analysts forecast that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal 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.