South Dakota Investment Council Has $1.94 Million Holdings in Molina Healthcare, Inc $MOH

South Dakota Investment Council cut its position in Molina Healthcare, Inc (NYSE:MOH) by 9.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 6,502 shares of the company’s stock after selling 700 shares during the quarter. South Dakota Investment Council’s holdings in Molina Healthcare were worth $1,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amplius Wealth Advisors LLC acquired a new position in Molina Healthcare in the second quarter valued at about $237,000. Strs Ohio acquired a new position in shares of Molina Healthcare during the second quarter worth approximately $1,864,000. Impact Partnership Wealth LLC acquired a new position in shares of Molina Healthcare during the second quarter worth approximately $382,000. Assetmark Inc. lifted its position in shares of Molina Healthcare by 20,789.3% during the second quarter. Assetmark Inc. now owns 5,849 shares of the company’s stock worth $1,742,000 after purchasing an additional 5,821 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new position in shares of Molina Healthcare during the second quarter worth approximately $1,597,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Molina Healthcare news, Director Ronna Romney sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total value of $107,618.00. Following the completion of the sale, the director owned 17,131 shares of the company’s stock, valued at approximately $2,633,719.94. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Down 4.0%

Shares of NYSE MOH opened at $146.91 on Tuesday. The company’s 50 day simple moving average is $182.14 and its 200 day simple moving average is $229.58. Molina Healthcare, Inc has a fifty-two week low of $146.13 and a fifty-two week high of $359.97. The firm has a market capitalization of $7.96 billion, a P/E ratio of 9.10 and a beta of 0.55. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 earnings per share 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 during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the prior year, the company earned $6.01 earnings per share. The company’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. On average, analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Wall Street Analyst Weigh In

MOH has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft set a $165.00 target price on shares of Molina Healthcare in a research report on Friday, October 24th. Morgan Stanley set a $158.00 target price on shares of Molina Healthcare in a research report on Friday, October 24th. TD Cowen lowered 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 report on Thursday, October 16th. Truist Financial set a $175.00 target price on shares of Molina Healthcare in a research report on Friday, October 24th. Finally, Mizuho cut their price objective on shares of Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday, July 11th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $203.64.

About Molina Healthcare

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.