Cerity Partners LLC Grows Holdings in Molina Healthcare, Inc $MOH

Cerity Partners LLC boosted its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 245.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,608 shares of the company’s stock after acquiring an additional 57,266 shares during the period. Cerity Partners LLC’s holdings in Molina Healthcare were worth $15,425,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its holdings in Molina Healthcare by 20.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 363 shares of the company’s stock worth $108,000 after purchasing an additional 62 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of Molina Healthcare by 7.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 944 shares of the company’s stock worth $281,000 after purchasing an additional 62 shares in the last quarter. Tectonic Advisors LLC boosted its position in shares of Molina Healthcare by 4.9% in the 2nd quarter. Tectonic Advisors LLC now owns 1,382 shares of the company’s stock worth $412,000 after purchasing an additional 65 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Molina Healthcare by 0.3% in the 3rd 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 last quarter. Finally, Twin Capital Management Inc. increased its position in Molina Healthcare by 6.3% during the 2nd quarter. Twin Capital Management Inc. now owns 1,181 shares of the company’s stock valued at $352,000 after buying an additional 70 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Down 1.1%

NYSE:MOH opened at $181.50 on Friday. The company has a market cap of $9.84 billion, a PE ratio of 11.24 and a beta of 0.49. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92. The company has a 50 day simple moving average of $156.78 and a two-hundred day simple moving average of $178.95. Molina Healthcare, Inc has a 12 month low of $133.40 and a 12 month high of $359.97.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results 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 firm had revenue of $11.48 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the company earned $6.01 earnings per share. Molina Healthcare’s quarterly 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. Research analysts forecast that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MOH. Jefferies Financial Group set a $160.00 price objective on Molina Healthcare in a research note on Tuesday, December 16th. UBS Group lowered their price target on Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Barclays upped their price target on shares of Molina Healthcare from $144.00 to $164.00 and gave the stock an “underweight” rating in a research note on Monday. 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. Finally, Deutsche Bank Aktiengesellschaft set a $165.00 target price on shares of Molina Healthcare in a research note on Friday, October 24th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Molina Healthcare presently has an average rating of “Hold” and a consensus target price of $193.47.

Insider Transactions at Molina Healthcare

In other Molina Healthcare 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 completion of the sale, the director directly owned 11,352 shares in the company, valued at $1,623,563.04. The trade was a 3.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% 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.