Molina Healthcare (NYSE:MOH) Sets New 12-Month Low – Here’s What Happened

Molina Healthcare, Inc (NYSE:MOH)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $133.73 and last traded at $141.2180, with a volume of 2447108 shares trading hands. The stock had previously closed at $136.79.

Analyst Upgrades and Downgrades

MOH has been the topic of a number of recent analyst reports. UBS Group lowered their target price on Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Wells Fargo & Company decreased their price objective on shares of Molina Healthcare from $231.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Wall Street Zen lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Morgan Stanley set a $158.00 target price on shares of Molina Healthcare in a research report on Friday, October 24th. Finally, Sanford C. Bernstein lowered their price target on shares of Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a report on Friday, September 5th. 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 MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $198.93.

Molina Healthcare Price Performance

The stock has a market cap of $7.65 billion, a PE ratio of 8.74 and a beta of 0.55. 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’s 50 day moving average price is $174.73 and its two-hundred day moving average price is $216.01.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). The business had revenue of $11.48 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.01 earnings per share. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. On average, research analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Hedge Funds Weigh In On Molina Healthcare

Hedge funds have recently made changes to their positions in the stock. Whalen Wealth Management Inc. purchased a new position in Molina Healthcare in the 2nd quarter worth $1,597,000. Machina Capital S.A.S. bought a new position in shares of Molina Healthcare during the second quarter valued at about $2,126,000. Swedbank AB grew its stake in shares of Molina Healthcare by 6.8% during the second quarter. Swedbank AB now owns 102,176 shares of the company’s stock valued at $30,438,000 after buying an additional 6,484 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Molina Healthcare by 3,192.6% in the first quarter. Acadian Asset Management LLC now owns 5,762 shares of the company’s stock worth $1,897,000 after buying an additional 5,587 shares during the period. Finally, Strs Ohio bought a new stake in shares of Molina Healthcare in the 2nd quarter valued at about $1,864,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Company 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.