683 Capital Management LLC Has $23.43 Million Stock Holdings in Molina Healthcare, Inc $MOH

683 Capital Management LLC raised its stake in Molina Healthcare, Inc (NYSE:MOH) by 66.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 135,000 shares of the company’s stock after buying an additional 54,000 shares during the quarter. Molina Healthcare comprises approximately 1.0% of 683 Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. 683 Capital Management LLC’s holdings in Molina Healthcare were worth $23,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its holdings in Molina Healthcare by 217.0% in the 3rd quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company’s stock valued at $561,475,000 after acquiring an additional 2,008,458 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Molina Healthcare by 46.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,410,604 shares of the company’s stock valued at $244,796,000 after purchasing an additional 447,078 shares during the last quarter. 8 Knots Management LLC bought a new position in shares of Molina Healthcare in the 4th quarter valued at $198,942,000. Dimensional Fund Advisors LP increased its stake in shares of Molina Healthcare by 20.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,127,761 shares of the company’s stock valued at $195,704,000 after purchasing an additional 189,084 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in shares of Molina Healthcare by 0.4% in the 4th quarter. Capital Research Global Investors now owns 795,909 shares of the company’s stock valued at $138,122,000 after purchasing an additional 3,123 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Down 2.4%

MOH stock opened at $195.39 on Thursday. The stock’s 50 day simple moving average is $178.29 and its 200 day simple moving average is $165.71. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $311.52. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $10.18 billion, a P/E ratio of 57.81 and a beta of 0.80.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.78. Molina Healthcare had a return on equity of 8.76% and a net margin of 0.42%.The business had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.91 billion. During the same period in the prior year, the business earned $6.08 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. On average, research analysts expect that Molina Healthcare, Inc will post 5.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MOH shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Molina Healthcare in a research note on Tuesday, April 21st. UBS Group upped their price target on Molina Healthcare from $180.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Truist Financial upped their price target on Molina Healthcare from $180.00 to $205.00 and gave the company a “hold” rating in a research report on Monday, May 11th. Zacks Research upgraded Molina Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Cantor Fitzgerald upped their price target on Molina Healthcare from $144.00 to $209.00 and gave the company a “neutral” rating in a research report on Monday, May 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 has a consensus rating of “Hold” and a consensus price target of $182.73.

Insider Buying and Selling

In related news, insider Jeff D. Barlow sold 17,811 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $186.12, for a total transaction of $3,314,983.32. Following the transaction, the insider directly owned 67,175 shares of the company’s stock, valued at approximately $12,502,611. This represents a 20.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Maurice Hebert sold 600 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $191.55, for a total value of $114,930.00. Following the transaction, the chief accounting officer directly owned 12,815 shares in the company, valued at approximately $2,454,713.25. This trade represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.44% of the stock is currently owned by corporate insiders.

About Molina Healthcare

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.