51,285 Shares in Molina Healthcare, Inc $MOH Bought by Persistent Asset Partners Ltd

Persistent Asset Partners Ltd purchased a new position in shares of Molina Healthcare, Inc (NYSE:MOH) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 51,285 shares of the company’s stock, valued at approximately $8,900,000. Molina Healthcare comprises 4.1% of Persistent Asset Partners Ltd’s holdings, making the stock its 2nd biggest holding.

Other hedge funds have also bought and sold shares of the company. Torren Management LLC bought a new stake in Molina Healthcare during the fourth quarter worth $26,000. Miller Global Investments LLC bought a new stake in Molina Healthcare during the fourth quarter worth $27,000. Cromwell Holdings LLC lifted its holdings in Molina Healthcare by 211.9% during the fourth quarter. Cromwell Holdings LLC now owns 184 shares of the company’s stock worth $32,000 after acquiring an additional 125 shares during the period. Quarry LP bought a new stake in Molina Healthcare during the fourth quarter worth $32,000. Finally, Triumph Capital Management lifted its holdings in Molina Healthcare by 4,625.0% during the fourth quarter. Triumph Capital Management now owns 189 shares of the company’s stock worth $33,000 after acquiring an additional 185 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MOH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Molina Healthcare from $169.00 to $191.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Wells Fargo & Company lifted their price target on Molina Healthcare from $141.00 to $159.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. Truist Financial lifted their price target on Molina Healthcare from $180.00 to $205.00 and gave the stock a “hold” rating in a report on Monday, May 11th. Barclays lifted their price target on Molina Healthcare from $161.00 to $199.00 and gave the stock an “underweight” rating in a report on Tuesday, May 26th. Finally, Mizuho set a $215.00 target price on Molina Healthcare in a research report on Monday, June 8th. Three 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 stock. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and an average price target of $182.73.

Insiders Place Their Bets

In other news, CAO Maurice Hebert sold 600 shares of Molina Healthcare stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $191.55, for a total value of $114,930.00. Following the completion of the transaction, the chief accounting officer directly owned 12,815 shares in the company, valued at approximately $2,454,713.25. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff D. Barlow sold 17,811 shares of Molina Healthcare stock in a transaction on Monday, May 11th. The shares were sold at an average price of $186.12, for a total value of $3,314,983.32. Following the completion of the transaction, the insider owned 67,175 shares of the company’s stock, valued at approximately $12,502,611. This trade represents a 20.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.44% of the company’s stock.

Molina Healthcare Stock Performance

NYSE:MOH opened at $200.08 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 1.63. The business has a fifty day simple moving average of $177.24 and a two-hundred day simple moving average of $165.38. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $311.52. The company has a market capitalization of $10.42 billion, a P/E ratio of 59.19 and a beta of 0.80.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, April 22nd. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.78. Molina Healthcare had a return on equity of 8.76% and a net margin of 0.42%.The business had revenue of $10.80 billion during the quarter, compared to the consensus estimate of $10.91 billion. During the same period last year, the business posted $6.08 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. On average, analysts expect that Molina Healthcare, Inc will post 5.23 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.