808 Shares in Molina Healthcare, Inc $MOH Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new stake in Molina Healthcare, Inc (NYSE:MOH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 808 shares of the company’s stock, valued at approximately $241,000.

Several other hedge funds also recently modified their holdings of MOH. Zions Bancorporation National Association UT acquired a new stake in shares of Molina Healthcare in the 1st quarter valued at $29,000. Elequin Capital LP raised its holdings in Molina Healthcare by 170.6% during the first quarter. Elequin Capital LP now owns 92 shares of the company’s stock valued at $30,000 after buying an additional 58 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Molina Healthcare by 2,140.0% in the second quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock worth $33,000 after buying an additional 107 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 acquiring an additional 247 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Molina Healthcare during the 2nd quarter valued at about $94,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MOH. Barclays restated an “underweight” rating and issued a $144.00 target price (down from $185.00) on shares of Molina Healthcare in a report on Friday, October 24th. TD Cowen cut shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price objective for the company. in a research note on Thursday, October 16th. Wall Street Zen lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. cut their target price on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating for the company in a research report on Tuesday, July 29th. Finally, Morgan Stanley set a $158.00 price target on Molina Healthcare in a research report on Friday, October 24th. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $198.93.

Molina Healthcare Price Performance

Shares of MOH stock opened at $141.45 on Friday. Molina Healthcare, Inc has a 12 month low of $133.40 and a 12 month high of $359.97. The company has a market capitalization of $7.67 billion, a P/E ratio of 8.76 and a beta of 0.55. The stock has a 50 day moving average of $172.04 and a two-hundred day moving average of $212.94. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92.

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

Molina Healthcare 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.