Molina Healthcare, Inc $MOH Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd cut its holdings in Molina Healthcare, Inc (NYSE:MOH) by 82.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,341 shares of the company’s stock after selling 6,358 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Molina Healthcare were worth $233,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New York State Common Retirement Fund grew its position in shares of Molina Healthcare by 35.9% in the third quarter. New York State Common Retirement Fund now owns 139,557 shares of the company’s stock valued at $26,706,000 after purchasing an additional 36,831 shares during the last quarter. CenterBook Partners LP boosted its position in Molina Healthcare by 359.7% during the third quarter. CenterBook Partners LP now owns 20,409 shares of the company’s stock worth $3,905,000 after acquiring an additional 15,969 shares during the last quarter. Gibraltar Capital Management Inc. acquired a new stake in Molina Healthcare during the third quarter worth approximately $6,709,000. Fiera Capital Corp boosted its position in Molina Healthcare by 68.8% during the third quarter. Fiera Capital Corp now owns 241,581 shares of the company’s stock worth $46,229,000 after acquiring an additional 98,431 shares during the last quarter. Finally, Timber Creek Capital Management LLC acquired a new stake in Molina Healthcare during the third quarter worth approximately $4,467,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Stock Up 0.1%

Shares of NYSE MOH opened at $186.07 on Monday. 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 firm has a market cap of $9.69 billion, a P/E ratio of 55.05 and a beta of 0.85. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $333.00. The firm’s 50 day moving average price is $152.32 and its 200 day moving average price is $158.52.

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. The company had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.91 billion. Molina Healthcare had a net margin of 0.42% and a return on equity of 8.76%. Molina Healthcare’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $6.08 earnings per share. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. As a group, sell-side analysts anticipate that Molina Healthcare, Inc will post 5.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

MOH has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Molina Healthcare from $167.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Cantor Fitzgerald decreased their target price on shares of Molina Healthcare from $180.00 to $144.00 and set a “neutral” rating on the stock in a research report on Monday, February 9th. Zacks Research upgraded shares of Molina Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Molina Healthcare in a research report on Tuesday, April 21st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Molina Healthcare in a research report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $169.60.

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.