Sendero Wealth Management LLC Sells 5,595 Shares of Molina Healthcare, Inc $MOH

Sendero Wealth Management LLC lessened its holdings in Molina Healthcare, Inc (NYSE:MOH) by 34.2% during the third quarter, HoldingsChannel.com reports. The fund owned 10,778 shares of the company’s stock after selling 5,595 shares during the period. Sendero Wealth Management LLC’s holdings in Molina Healthcare were worth $2,062,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Public Sector Pension Investment Board boosted its stake in shares of Molina Healthcare by 5.8% in the 1st quarter. Public Sector Pension Investment Board now owns 7,421 shares of the company’s stock valued at $2,444,000 after purchasing an additional 406 shares in the last quarter. HighTower Advisors LLC boosted its position in Molina Healthcare by 16.9% in the first quarter. HighTower Advisors LLC now owns 2,387 shares of the company’s stock valued at $786,000 after buying an additional 345 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in Molina Healthcare by 14.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 1,342 shares of the company’s stock valued at $442,000 after buying an additional 166 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of Molina Healthcare by 8.2% during the first quarter. Cresset Asset Management LLC now owns 5,005 shares of the company’s stock worth $1,649,000 after buying an additional 381 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Molina Healthcare by 13.9% during the first quarter. Raymond James Financial Inc. now owns 41,983 shares of the company’s stock worth $13,829,000 after buying an additional 5,135 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Transactions at Molina Healthcare

In other news, Director Richard M. Schapiro sold 357 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $143.02, for a total value of $51,058.14. Following the transaction, the director owned 11,352 shares in the company, valued at approximately $1,623,563.04. The trade was a 3.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Up 0.9%

NYSE MOH opened at $162.33 on Thursday. The firm has a market capitalization of $8.80 billion, a PE ratio of 10.05 and a beta of 0.52. The business’s 50-day moving average price is $159.56 and its two-hundred day moving average price is $192.70. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92. Molina Healthcare, Inc has a 12 month low of $133.40 and a 12 month high of $359.97.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). The company had revenue of $11.48 billion for the quarter, compared to the consensus estimate of $10.99 billion. Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.Molina Healthcare’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $6.01 earnings per share. 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 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MOH shares. TD Cowen downgraded Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price objective on the stock. in a report on Thursday, October 16th. Cantor Fitzgerald cut their price target on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. The Goldman Sachs Group reduced their price target on Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. UBS Group dropped their price objective on shares of Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Finally, Morgan Stanley set a $158.00 target price on shares of Molina Healthcare in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $196.33.

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.