Korea Investment CORP Sells 9,000 Shares of Molina Healthcare, Inc $MOH

Korea Investment CORP trimmed its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 31.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,830 shares of the company’s stock after selling 9,000 shares during the quarter. Korea Investment CORP’s holdings in Molina Healthcare were worth $3,795,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Asset Management One Co. Ltd. grew its stake in Molina Healthcare by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 22,737 shares of the company’s stock valued at $4,351,000 after purchasing an additional 66 shares during the period. Applied Finance Capital Management LLC raised its stake in shares of Molina Healthcare by 5.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 1,408 shares of the company’s stock worth $269,000 after purchasing an additional 76 shares during the period. First National Advisers LLC boosted its holdings in shares of Molina Healthcare by 6.4% in the 2nd quarter. First National Advisers LLC now owns 1,297 shares of the company’s stock worth $386,000 after buying an additional 78 shares during the last quarter. Journey Strategic Wealth LLC grew its position in Molina Healthcare by 13.9% during the second quarter. Journey Strategic Wealth LLC now owns 730 shares of the company’s stock valued at $217,000 after buying an additional 89 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Molina Healthcare by 5.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,025 shares of the company’s stock worth $388,000 after buying an additional 96 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MOH shares. Jefferies Financial Group set a $160.00 target price on shares of Molina Healthcare in a research note on Tuesday, December 16th. Truist Financial decreased their price target on shares of Molina Healthcare from $190.00 to $145.00 and set a “hold” rating for the company in a research note on Tuesday, February 17th. TD Cowen dropped their price objective on Molina Healthcare from $175.00 to $144.00 and set a “hold” rating on the stock in a research note on Monday, February 9th. Cantor Fitzgerald reduced their price objective on Molina Healthcare from $180.00 to $144.00 and set a “neutral” rating for the company in a report on Monday, February 9th. Finally, Wells Fargo & Company set a $141.00 target price on Molina Healthcare and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $153.29.

Molina Healthcare Trading Up 1.7%

Shares of MOH stock opened at $149.27 on Friday. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 17.44 and a beta of 0.52. The company’s fifty day simple moving average is $164.22 and its two-hundred day simple moving average is $167.35. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $359.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.69 and a quick ratio of 1.69.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($2.75) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($3.18). Molina Healthcare had a net margin of 1.04% and a return on equity of 13.60%. The company had revenue of $11.38 billion during the quarter, compared to analysts’ expectations of $10.90 billion. During the same quarter last year, the firm posted $5.05 earnings per share. Molina Healthcare’s revenue for the quarter was up 8.3% compared to the same quarter last year. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. As a group, analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

About Molina Healthcare

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.