Illinois Municipal Retirement Fund Purchases 6,429 Shares of Molina Healthcare, Inc $MOH

Illinois Municipal Retirement Fund boosted its stake in Molina Healthcare, Inc (NYSE:MOH) by 18.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,743 shares of the company’s stock after purchasing an additional 6,429 shares during the period. Illinois Municipal Retirement Fund’s holdings in Molina Healthcare were worth $12,435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MOH. Envestnet Asset Management Inc. grew its stake in Molina Healthcare by 2.8% during the first quarter. Envestnet Asset Management Inc. now owns 15,945 shares of the company’s stock worth $5,252,000 after purchasing an additional 431 shares during the period. Allworth Financial LP grew its position in Molina Healthcare by 52.0% in the 1st quarter. Allworth Financial LP now owns 228 shares of the company’s stock valued at $72,000 after purchasing an additional 78 shares during the period. Alps Advisors Inc. boosted its stake in Molina Healthcare by 14.0% during the 1st quarter. Alps Advisors Inc. now owns 1,140 shares of the company’s stock valued at $376,000 after purchasing an additional 140 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Molina Healthcare by 67.0% during the first quarter. Cerity Partners LLC now owns 19,372 shares of the company’s stock valued at $6,381,000 after buying an additional 7,774 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Molina Healthcare by 3.3% in the 1st quarter. Ballentine Partners LLC now owns 3,268 shares of the company’s stock worth $1,076,000 after acquiring an additional 105 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MOH. Weiss Ratings reiterated a “sell (d+)” rating on shares of Molina Healthcare in a research note on Wednesday, October 8th. Morgan Stanley set a $158.00 price target on shares of Molina Healthcare in a report on Friday, October 24th. TD Cowen downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price target for the company. in a report on Thursday, October 16th. The Goldman Sachs Group decreased their price target on shares of Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft set a $165.00 price objective on Molina Healthcare in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and a consensus target price of $203.64.

Molina Healthcare Stock Performance

NYSE MOH opened at $140.79 on Tuesday. Molina Healthcare, Inc has a 52-week low of $139.29 and a 52-week high of $359.97. The company has a fifty day moving average of $179.21 and a 200-day moving average of $223.58. The company has a market capitalization of $7.63 billion, a P/E ratio of 8.72 and a beta of 0.55. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.68 and a current ratio of 1.68.

Molina Healthcare (NYSE:MOH) last released its 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). Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. The firm had revenue of $11.48 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the prior year, the company earned $6.01 EPS. The firm’s revenue 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 predict that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

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.