OMERS ADMINISTRATION Corp Acquires 600 Shares of Molina Healthcare, Inc $MOH

OMERS ADMINISTRATION Corp raised its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 7.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,323 shares of the company’s stock after purchasing an additional 600 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Molina Healthcare were worth $2,479,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Edgestream Partners L.P. bought a new stake in Molina Healthcare in the second quarter valued at approximately $3,967,000. Panagora Asset Management Inc. bought a new stake in shares of Molina Healthcare in the 2nd quarter valued at $362,000. Lido Advisors LLC increased its position in shares of Molina Healthcare by 189.1% during the second quarter. Lido Advisors LLC now owns 4,308 shares of the company’s stock worth $1,284,000 after buying an additional 2,818 shares during the period. First National Advisers LLC increased its position in shares of Molina Healthcare by 6.4% during the second quarter. First National Advisers LLC now owns 1,297 shares of the company’s stock worth $386,000 after buying an additional 78 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Molina Healthcare by 51.4% during the second quarter. New York State Common Retirement Fund now owns 102,726 shares of the company’s stock worth $30,602,000 after buying an additional 34,891 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Down 2.2%

NYSE:MOH opened at $144.98 on Tuesday. The firm’s 50 day moving average is $168.39 and its 200 day moving average is $204.89. The stock has a market capitalization of $7.86 billion, a PE ratio of 8.98 and a beta of 0.55. Molina Healthcare, Inc has a 12 month low of $133.40 and a 12 month high of $359.97. 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 posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($2.13). Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. The business had revenue of $11.48 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the prior year, the business posted $6.01 EPS. Molina Healthcare’s quarterly revenue was up 11.0% on a year-over-year basis. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. Sell-side analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Wall Street Analyst Weigh In

MOH has been the subject of a number of recent analyst reports. Cantor Fitzgerald decreased their price target on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Barclays reaffirmed an “underweight” rating and set a $144.00 target price (down previously from $185.00) on shares of Molina Healthcare in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Molina Healthcare in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Finally, Deutsche Bank Aktiengesellschaft set a $165.00 target price on shares of Molina Healthcare in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $198.93.

Insider Buying and Selling

In related news, Director Richard M. Schapiro sold 357 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $143.02, for a total transaction of $51,058.14. Following the transaction, the director owned 11,352 shares in the company, valued at $1,623,563.04. The trade was a 3.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.

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.