Swedbank AB Has $21.16 Million Holdings in Molina Healthcare, Inc $MOH

Swedbank AB raised its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 8.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 110,592 shares of the company’s stock after purchasing an additional 8,416 shares during the period. Swedbank AB’s holdings in Molina Healthcare were worth $21,163,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. First Horizon Advisors Inc. grew its position in Molina Healthcare by 2,140.0% during the second quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 107 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Molina Healthcare in the 2nd quarter worth approximately $45,000. MUFG Securities EMEA plc acquired a new stake in shares of Molina Healthcare during the 2nd quarter valued at $48,000. Zions Bancorporation National Association UT grew its holdings in shares of Molina Healthcare by 121.8% during the 2nd quarter. Zions Bancorporation National Association UT now owns 193 shares of the company’s stock valued at $57,000 after acquiring an additional 106 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Molina Healthcare by 2,744.4% in the second quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the company’s stock worth $76,000 after acquiring an additional 247 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on MOH. UBS Group reduced their price objective on Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating for the company in a research report 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 for the company in a report on Friday, October 24th. Barclays restated an “underweight” rating and issued a $144.00 price objective (down previously from $185.00) on shares of Molina Healthcare in a report on Friday, October 24th. Wells Fargo & Company reduced their target price 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. Finally, Jefferies Financial Group set a $160.00 target price on shares of Molina Healthcare in a research report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and a consensus price target of $196.33.

Insider Buying and Selling at Molina Healthcare

In related news, Director Richard M. Schapiro sold 357 shares of Molina Healthcare stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $143.02, for a total transaction of $51,058.14. Following the sale, the director directly owned 11,352 shares of the company’s stock, valued at $1,623,563.04. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Molina Healthcare Stock Up 0.8%

Molina Healthcare stock opened at $164.76 on Friday. 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 firm has a market cap of $8.93 billion, a price-to-earnings ratio of 10.20 and a beta of 0.52. The firm has a fifty day moving average price of $155.38 and a two-hundred day moving average price of $187.04.

Molina Healthcare (NYSE:MOH) last released its earnings results 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). Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. The business had revenue of $11.48 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period last year, the business earned $6.01 EPS. The business’s quarterly revenue 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, analysts forecast that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

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.