Milestone Asset Management LLC Makes New Investment in Molina Healthcare, Inc $MOH

Milestone Asset Management LLC acquired a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,337 shares of the company’s stock, valued at approximately $1,213,000.

Other hedge funds also recently made changes to their positions in the company. PenderFund Capital Management Ltd. lifted its stake in Molina Healthcare by 0.4% during the first quarter. PenderFund Capital Management Ltd. now owns 10,071 shares of the company’s stock valued at $3,317,000 after purchasing an additional 40 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Molina Healthcare by 20.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 363 shares of the company’s stock valued at $108,000 after acquiring an additional 62 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Molina Healthcare by 7.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 944 shares of the company’s stock worth $281,000 after acquiring an additional 62 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of Molina Healthcare by 4.9% in the 2nd quarter. Tectonic Advisors LLC now owns 1,382 shares of the company’s stock worth $412,000 after acquiring an additional 65 shares during the last quarter. Finally, Twin Capital Management Inc. raised its position in shares of Molina Healthcare by 6.3% during the second quarter. Twin Capital Management Inc. now owns 1,181 shares of the company’s stock worth $352,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Trading Down 0.0%

NYSE:MOH opened at $163.97 on Thursday. The stock has a market cap of $8.89 billion, a PE ratio of 10.15 and a beta of 0.52. Molina Healthcare, Inc has a fifty-two week low of $133.40 and a fifty-two week high of $359.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68. The stock’s 50-day moving average is $156.42 and its two-hundred day moving average is $188.13.

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

Insider Activity at Molina Healthcare

In other news, Director Richard M. Schapiro sold 357 shares of the business’s stock in a transaction 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 transaction, the director directly owned 11,352 shares in the company, valued at $1,623,563.04. The trade was a 3.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MOH has been the subject of a number of recent analyst reports. Wall Street Zen lowered Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Barclays reaffirmed an “underweight” rating and set a $144.00 price objective (down from $185.00) on shares of Molina Healthcare in a research note on Friday, October 24th. 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 report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft set a $165.00 price target on shares of Molina Healthcare in a report on Friday, October 24th. Finally, Wells Fargo & Company decreased their price objective on shares of Molina Healthcare from $231.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $196.33.

Molina Healthcare 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.