Brighton Jones LLC Boosts Holdings in Molina Healthcare, Inc $MOH

Brighton Jones LLC grew its stake in Molina Healthcare, Inc (NYSE:MOH) by 189.5% during the 3rd quarter, Holdings Channel reports. The firm owned 13,148 shares of the company’s stock after purchasing an additional 8,607 shares during the quarter. Brighton Jones LLC’s holdings in Molina Healthcare were worth $2,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank purchased a new position in Molina Healthcare in the 2nd quarter valued at about $212,113,000. Invesco Ltd. lifted its position in shares of Molina Healthcare by 25.9% in the second quarter. Invesco Ltd. now owns 1,601,574 shares of the company’s stock valued at $477,109,000 after acquiring an additional 329,759 shares in the last quarter. Viking Global Investors LP purchased a new position in shares of Molina Healthcare in the second quarter valued at approximately $79,665,000. AQR Capital Management LLC boosted its stake in shares of Molina Healthcare by 42.7% in the first quarter. AQR Capital Management LLC now owns 884,958 shares of the company’s stock worth $288,125,000 after acquiring an additional 264,664 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Molina Healthcare by 2,768.3% during the second quarter. Marshall Wace LLP now owns 248,740 shares of the company’s stock worth $74,100,000 after purchasing an additional 240,068 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Down 0.1%

Shares of MOH stock opened at $163.57 on Tuesday. Molina Healthcare, Inc has a 1-year low of $133.40 and a 1-year high of $359.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68. The company has a 50-day moving average of $157.59 and a two-hundred day moving average of $189.22. The firm has a market cap of $8.87 billion, a PE ratio of 10.13 and a beta of 0.52.

Molina Healthcare (NYSE:MOH) last released its quarterly 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 return on equity of 22.95% and a net margin of 1.98%.The firm had revenue of $11.48 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter last year, the company earned $6.01 earnings per share. The firm’s revenue for the quarter 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.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 357 shares of Molina Healthcare stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $143.02, for a total value of $51,058.14. Following the completion of the transaction, the director directly owned 11,352 shares of the company’s stock, valued at $1,623,563.04. The trade was a 3.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on MOH shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Molina Healthcare in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their price target on shares of Molina Healthcare from $231.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. Wall Street Zen cut shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Deutsche Bank Aktiengesellschaft set a $165.00 target price on shares of Molina Healthcare in a research note on Friday, October 24th. Finally, Truist Financial set a $175.00 target price on Molina Healthcare in a 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $196.33.

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.