Pictet Asset Management Holding SA Lowers Stake in Molina Healthcare, Inc $MOH

Pictet Asset Management Holding SA lessened its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 21.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,242 shares of the company’s stock after selling 2,477 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Molina Healthcare were worth $1,232,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System bought a new stake in Molina Healthcare during the first quarter valued at about $3,039,000. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Molina Healthcare during the first quarter valued at about $226,000. Aurora Investment Managers LLC. purchased a new stake in shares of Molina Healthcare during the first quarter valued at about $2,349,000. Krilogy Financial LLC bought a new stake in shares of Molina Healthcare in the 1st quarter valued at about $1,075,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Molina Healthcare by 27.5% in the 1st quarter. SG Americas Securities LLC now owns 111,235 shares of the company’s stock valued at $14,828,000 after buying an additional 24,015 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jeff D. Barlow sold 17,811 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $186.12, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Maurice Hebert sold 600 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $191.55, for a total value of $114,930.00. Following the completion of the transaction, the chief accounting officer owned 12,815 shares of the company’s stock, valued at approximately $2,454,713.25. The trade was a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.44% of the company’s stock.

Molina Healthcare Stock Performance

NYSE:MOH traded up $1.56 during trading hours on Tuesday, hitting $229.26. 19,350 shares of the company were exchanged, compared to its average volume of 1,499,073. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 1.63. Molina Healthcare, Inc has a 52-week low of $121.06 and a 52-week high of $237.50. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 67.80 and a beta of 0.74. The company’s 50 day moving average price is $195.46 and its 200-day moving average price is $171.20.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on MOH shares. Wells Fargo & Company boosted their price objective on shares of Molina Healthcare from $141.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Mizuho set a $215.00 target price on shares of Molina Healthcare in a research note on Monday, June 8th. Royal Bank Of Canada initiated coverage on shares of Molina Healthcare in a report on Tuesday, June 23rd. They issued a “sector perform” rating and a $216.00 price target on the stock. Bank of America raised Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, April 29th. Finally, Morgan Stanley increased their price objective on Molina Healthcare from $146.00 to $167.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $184.81.

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.