Evolve Private Wealth LLC Takes $330,000 Position in Molina Healthcare, Inc $MOH

Evolve Private Wealth LLC acquired a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,475 shares of the company’s stock, valued at approximately $330,000.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of Molina Healthcare by 217.0% during the third quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company’s stock worth $561,475,000 after purchasing an additional 2,008,458 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Molina Healthcare by 10.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,171,433 shares of the company’s stock valued at $376,831,000 after purchasing an additional 201,772 shares during the last quarter. Invesco Ltd. lifted its position in Molina Healthcare by 24.2% during the fourth quarter. Invesco Ltd. now owns 1,690,981 shares of the company’s stock worth $293,453,000 after buying an additional 329,679 shares during the period. Victory Capital Management Inc. lifted its position in Molina Healthcare by 46.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,410,604 shares of the company’s stock worth $244,796,000 after buying an additional 447,078 shares during the period. Finally, 8 Knots Management LLC acquired a new stake in Molina Healthcare in the 4th quarter worth about $198,942,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on MOH shares. Truist Financial lifted their price target on Molina Healthcare from $180.00 to $205.00 and gave the company a “hold” rating in a report on Monday, May 11th. UBS Group increased their price objective on shares of Molina Healthcare from $180.00 to $202.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Zacks Research raised shares of Molina Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Mizuho set a $215.00 target price on shares of Molina Healthcare in a report on Monday, June 8th. Finally, Barclays upped their price target on shares of Molina Healthcare from $161.00 to $199.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $184.81.

Molina Healthcare Stock Up 6.4%

Shares of NYSE:MOH opened at $229.81 on Friday. The stock has a 50-day simple moving average of $186.48 and a 200-day simple moving average of $168.34. The stock has a market capitalization of $11.97 billion, a P/E ratio of 67.99 and a beta of 0.80. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year 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.

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

Insider Buying and Selling at Molina Healthcare

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

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.