Molina Healthcare, Inc $MOH Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its position in Molina Healthcare, Inc (NYSE:MOH) by 52.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,857 shares of the company’s stock after selling 14,357 shares during the quarter. Voya Investment Management LLC’s holdings in Molina Healthcare were worth $2,460,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake in Molina Healthcare by 2,140.0% in the second quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 107 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Molina Healthcare in the 2nd quarter valued at $45,000. MUFG Securities EMEA plc purchased a new stake in Molina Healthcare in the 2nd quarter valued at $48,000. Zions Bancorporation National Association UT raised its position in Molina Healthcare by 121.8% in the 2nd quarter. Zions Bancorporation National Association UT now owns 193 shares of the company’s stock valued at $57,000 after purchasing an additional 106 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Molina Healthcare by 2,744.4% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the company’s stock worth $76,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $164.76 on Friday. Molina Healthcare, Inc has a 52 week low of $133.40 and a 52 week high of $359.97. The company has a 50-day moving average price of $155.38 and a 200 day moving average price of $186.28. The company has a market cap of $8.93 billion, a P/E ratio of 10.20 and a beta of 0.52. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92.

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 the consensus estimate of $3.97 by ($2.13). The business had revenue of $11.48 billion for the quarter, compared to analyst estimates of $10.99 billion. Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.01 EPS. 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 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on MOH. Morgan Stanley set a $158.00 price objective on shares of Molina Healthcare in a research note on Friday, October 24th. The Goldman Sachs Group lowered 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. Wall Street Zen cut Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. UBS Group decreased 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. Finally, TD Cowen downgraded Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 target price on the stock. in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $196.33.

Insiders Place Their Bets

In other Molina Healthcare news, Director Richard M. Schapiro sold 357 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $143.02, for a total value of $51,058.14. Following the completion of the transaction, the director owned 11,352 shares in the company, valued at approximately $1,623,563.04. This represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

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.