35,058 Shares in Molina Healthcare, Inc $MOH Acquired by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. purchased a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) in the third quarter, HoldingsChannel reports. The institutional investor purchased 35,058 shares of the company’s stock, valued at approximately $6,709,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in shares of Molina Healthcare by 2,140.0% in the second quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 107 shares during the period. Bogart Wealth LLC acquired a new position in Molina Healthcare during the third quarter worth about $39,000. CYBER HORNET ETFs LLC bought a new stake in Molina Healthcare in the second quarter worth about $45,000. SJS Investment Consulting Inc. lifted its holdings in Molina Healthcare by 6,225.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 253 shares of the company’s stock valued at $48,000 after acquiring an additional 249 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Molina Healthcare during the 2nd quarter valued at about $48,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Down 1.2%

Shares of NYSE:MOH opened at $191.42 on Friday. Molina Healthcare, Inc has a 52 week low of $133.40 and a 52 week high of $359.97. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $10.37 billion, a PE ratio of 11.85 and a beta of 0.49. The firm has a 50 day simple moving average of $160.57 and a 200 day simple moving average of $175.23.

Molina Healthcare (NYSE:MOH) last announced its earnings results 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). The firm had revenue of $11.48 billion for the quarter, compared to analyst estimates of $10.99 billion. Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. Molina Healthcare’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $6.01 earnings per share. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. As a group, research analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on MOH shares. TD Cowen downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 target price on the stock. in a report on Thursday, October 16th. Wells Fargo & Company upped their price target on Molina Healthcare from $165.00 to $208.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Barclays raised their price objective on Molina Healthcare from $144.00 to $164.00 and gave the stock an “underweight” rating in a research note on Monday, January 5th. Truist Financial set a $175.00 target price on Molina Healthcare in a research report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft set a $165.00 price target on Molina Healthcare in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $193.47.

Insider Buying and Selling

In other Molina Healthcare news, Director Richard M. Schapiro sold 357 shares of the firm’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 approximately $1,623,563.04. This trade represents a 3.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Molina Healthcare 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.