Tobam Buys 1,120 Shares of Molina Healthcare, Inc $MOH

Tobam lifted its stake in Molina Healthcare, Inc (NYSE:MOH) by 29.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,863 shares of the company’s stock after acquiring an additional 1,120 shares during the period. Tobam’s holdings in Molina Healthcare were worth $1,449,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Whalen Wealth Management Inc. acquired a new position in Molina Healthcare during the 2nd quarter worth $1,597,000. Machina Capital S.A.S. acquired a new position in shares of Molina Healthcare during the 2nd quarter worth about $2,126,000. Swedbank AB boosted its stake in Molina Healthcare by 6.8% during the 2nd quarter. Swedbank AB now owns 102,176 shares of the company’s stock valued at $30,438,000 after purchasing an additional 6,484 shares during the period. Strs Ohio acquired a new stake in Molina Healthcare in the 2nd quarter valued at approximately $1,864,000. Finally, Acadian Asset Management LLC increased its position in Molina Healthcare by 3,192.6% in the 1st 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. Institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

MOH has been the subject of several research reports. Wall Street Zen cut Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Cantor Fitzgerald dropped their price objective on shares of Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. The Goldman Sachs Group decreased their target price on Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Wells Fargo & Company boosted their price target on Molina Healthcare from $198.00 to $231.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Finally, Robert W. Baird decreased their price objective on Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. 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. Based on data from MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and an average price target of $203.64.

Molina Healthcare Trading Up 1.8%

MOH stock opened at $143.47 on Wednesday. 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, Inc has a twelve month low of $139.29 and a twelve month high of $359.97. The company has a market cap of $7.78 billion, a P/E ratio of 8.88 and a beta of 0.55. The business has a fifty day moving average of $178.41 and a 200-day moving average of $222.38.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The firm had revenue of $11.48 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the business earned $6.01 earnings per share. Molina Healthcare’s revenue for the quarter 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, equities research analysts expect that Molina Healthcare, Inc will post 24.4 EPS for the current year.

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.