Illinois Municipal Retirement Fund Cuts Stake in Molina Healthcare, Inc $MOH

Illinois Municipal Retirement Fund lessened its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 36.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 20,754 shares of the company’s stock after selling 12,113 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Molina Healthcare were worth $2,767,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Baird Financial Group Inc. purchased a new stake in shares of Molina Healthcare during the 1st quarter worth approximately $210,000. NewEdge Advisors LLC grew its stake in shares of Molina Healthcare by 33.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,106 shares of the company’s stock worth $364,000 after acquiring an additional 277 shares during the period. Jones Financial Companies Lllp increased its holdings in Molina Healthcare by 713.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,651 shares of the company’s stock worth $544,000 after acquiring an additional 1,448 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Molina Healthcare by 19.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,466 shares of the company’s stock valued at $82,172,000 after acquiring an additional 40,531 shares during the period. Finally, Woodline Partners LP bought a new stake in Molina Healthcare in the 1st quarter valued at about $1,541,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $225.66 on Monday. The firm’s 50 day simple moving average is $203.43 and its 200 day simple moving average is $175.58. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $11.76 billion, a PE ratio of 66.76 and a beta of 0.74. Molina Healthcare, Inc has a 1-year low of $121.06 and a 1-year high of $244.89.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $1.57 by $0.78. The firm had revenue of $10.80 billion during the quarter, compared to the consensus estimate of $10.91 billion. Molina Healthcare had a net margin of 0.42% and a return on equity of 8.76%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $6.08 EPS. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. As a group, analysts expect that Molina Healthcare, Inc will post 5.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MOH shares. UBS Group increased their target price on shares of Molina Healthcare from $180.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Robert W. Baird raised their price objective on shares of Molina Healthcare from $124.00 to $163.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Barclays reduced their price objective on shares of Molina Healthcare from $199.00 to $184.00 and set an “underweight” rating for the company in a research note on Wednesday, July 8th. Jefferies Financial Group set a $230.00 target price on shares of Molina Healthcare in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada increased their target price on Molina Healthcare from $216.00 to $248.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Molina Healthcare currently has an average rating of “Hold” and an average price target of $207.06.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, insider Jeff D. Barlow sold 17,811 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $186.12, for a total value of $3,314,983.32. Following the transaction, the insider directly owned 67,175 shares in the company, valued at $12,502,611. This represents a 20.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Maurice Hebert sold 600 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $191.55, for a total value of $114,930.00. Following the completion of the sale, the chief accounting officer directly owned 12,815 shares in the company, valued at approximately $2,454,713.25. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.44% of the stock is currently owned by company insiders.

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.