Iridian Asset Management LLC CT Buys Shares of 9,557 Molina Healthcare, Inc $MOH

Iridian Asset Management LLC CT purchased a new position in shares of Molina Healthcare, Inc (NYSE:MOH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,557 shares of the company’s stock, valued at approximately $1,829,000.

A number of other large investors have also modified their holdings of MOH. MassMutual Private Wealth & Trust FSB boosted its stake in Molina Healthcare by 20.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 363 shares of the company’s stock valued at $108,000 after purchasing an additional 62 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of Molina Healthcare by 7.0% in the second quarter. Concurrent Investment Advisors LLC now owns 944 shares of the company’s stock valued at $281,000 after purchasing an additional 62 shares during the period. Tectonic Advisors LLC raised its holdings in shares of Molina Healthcare by 4.9% during the second quarter. Tectonic Advisors LLC now owns 1,382 shares of the company’s stock valued at $412,000 after buying an additional 65 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Molina Healthcare by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 22,737 shares of the company’s stock worth $4,351,000 after buying an additional 66 shares during the period. Finally, Twin Capital Management Inc. grew its holdings in Molina Healthcare by 6.3% in the 2nd quarter. Twin Capital Management Inc. now owns 1,181 shares of the company’s stock worth $352,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MOH shares. Deutsche Bank Aktiengesellschaft set a $165.00 target price on Molina Healthcare in a research note on Friday, October 24th. Morgan Stanley set a $158.00 price target on Molina Healthcare in a report on Friday, October 24th. Sanford C. Bernstein restated an “outperform” rating and set a $224.00 price objective on shares of Molina Healthcare in a research note on Tuesday, January 6th. TD Cowen cut shares of 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. Finally, Wells Fargo & Company boosted their price target on shares of Molina Healthcare from $165.00 to $208.00 and gave the stock an “overweight” rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Molina Healthcare currently has a consensus rating of “Hold” and a consensus target price of $193.47.

Molina Healthcare Price Performance

NYSE:MOH opened at $181.50 on Monday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92. The business’s 50-day moving average price is $156.78 and its 200 day moving average price is $177.33. Molina Healthcare, Inc has a 52-week low of $133.40 and a 52-week high of $359.97. The firm has a market cap of $9.84 billion, a P/E ratio of 11.24 and a beta of 0.49.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). The business had revenue of $11.48 billion during the quarter, compared to analyst estimates of $10.99 billion. Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. Molina Healthcare’s revenue was up 11.0% compared to the same quarter last year. During the same period 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. As a group, sell-side analysts predict that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Richard M. Schapiro sold 357 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $143.02, for a total transaction of $51,058.14. Following the completion of the sale, the director directly owned 11,352 shares in the company, valued at approximately $1,623,563.04. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.26% of the company’s stock.

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.