SYM FINANCIAL Corp Purchases 410 Shares of Molina Healthcare, Inc $MOH

SYM FINANCIAL Corp increased its position in shares of Molina Healthcare, Inc (NYSE:MOH) by 60.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,091 shares of the company’s stock after buying an additional 410 shares during the period. SYM FINANCIAL Corp’s holdings in Molina Healthcare were worth $325,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in Molina Healthcare in the second quarter valued at $2,940,000. Envestnet Asset Management Inc. increased its stake in Molina Healthcare by 71.8% in the second quarter. Envestnet Asset Management Inc. now owns 27,386 shares of the company’s stock valued at $8,158,000 after purchasing an additional 11,441 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Molina Healthcare by 33.6% in the second quarter. Wealthfront Advisers LLC now owns 48,055 shares of the company’s stock valued at $14,316,000 after purchasing an additional 12,075 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Molina Healthcare in the second quarter valued at $388,000. Finally, Brighton Jones LLC increased its stake in Molina Healthcare by 33.9% in the second quarter. Brighton Jones LLC now owns 4,541 shares of the company’s stock valued at $1,353,000 after purchasing an additional 1,150 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Down 0.9%

Molina Healthcare stock opened at $161.88 on Tuesday. Molina Healthcare, Inc has a fifty-two week low of $151.95 and a fifty-two week high of $359.97. The stock has a market cap of $8.77 billion, a PE ratio of 10.02 and a beta of 0.55. The firm’s 50-day simple moving average is $184.05 and its 200 day simple moving average is $236.74. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.68 and a current ratio of 1.68.

Molina Healthcare (NYSE:MOH) last released its quarterly 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). Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The firm had revenue of $11.48 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the firm posted $6.01 earnings per share. The firm’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. Research analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Cantor Fitzgerald decreased their price target on shares of Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday. Barclays reaffirmed an “underweight” rating and issued a $144.00 price target (down from $185.00) on shares of Molina Healthcare in a research note on Friday. Wells Fargo & Company boosted their target price 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. Truist Financial set a $175.00 target price on shares of Molina Healthcare in a research report on Friday. Finally, Sanford C. Bernstein decreased their target price on shares of Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating for the company in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Molina Healthcare presently has an average rating of “Hold” and an average target price of $203.64.

Insider Activity

In other news, COO James Woys purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average cost of $155.94 per share, for a total transaction of $1,559,400.00. Following the completion of the acquisition, the chief operating officer owned 74,331 shares in the company, valued at $11,591,176.14. This trade represents a 15.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronna Romney sold 700 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was 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 trade represents a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Molina Healthcare Profile

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.