Kera Capital Partners Inc. Acquires 3,339 Shares of Molina Healthcare, Inc $MOH

by · The Markets Daily

Kera Capital Partners Inc. increased its stake in shares of Molina Healthcare, Inc (NYSE:MOH – Free Report) by 432.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,111 shares of the company’s stock after acquiring an additional 3,339 shares during the period. Kera Capital Partners Inc.’s holdings in Molina Healthcare were worth $787,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Molina Healthcare by 20.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 363 shares of the company’s stock worth $108,000 after buying an additional 62 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Molina Healthcare by 7.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 944 shares of the company’s stock worth $281,000 after acquiring an additional 62 shares in the last quarter. Tectonic Advisors LLC raised its holdings in shares of Molina Healthcare by 4.9% in the second quarter. Tectonic Advisors LLC now owns 1,382 shares of the company’s stock valued at $412,000 after purchasing an additional 65 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Molina Healthcare by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 22,737 shares of the company’s stock worth $4,351,000 after purchasing an additional 66 shares in the last quarter. Finally, Twin Capital Management Inc. increased its stake in Molina Healthcare by 6.3% in 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 during the last quarter. Institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

MOH has been the subject of a number of recent research reports. Truist Financial set a $175.00 price objective on shares of Molina Healthcare in a research note on Friday, October 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Molina Healthcare in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on Molina Healthcare from $165.00 to $208.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. TD Cowen cut Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price objective on the stock. in a research note on Thursday, October 16th. Finally, Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $193.47.

Read Our Latest Report on Molina Healthcare

Insiders Place Their Bets

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

Molina Healthcare Price Performance

NYSE:MOH opened at $180.92 on Wednesday. Molina Healthcare, Inc has a 12-month low of $133.40 and a 12-month high of $359.97. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 11.20 and a beta of 0.49. The stock’s 50 day moving average price is $158.06 and its two-hundred day moving average price is $175.75. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92.

Molina Healthcare (NYSE:MOH – Get Free Report) last posted its earnings results on Wednesday, October 22nd. The company reported $1.84 earnings per share 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 business had revenue of $11.48 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the firm posted $6.01 earnings per share. The firm’s 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. On average, analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Molina Healthcare Company Profile

(Free Report)

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.

Further Reading

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