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Allspring Global Investments Holdings LLC Buys 8,381 Shares of Molina Healthcare, Inc $MOH
Allspring Global Investments Holdings LLC significantly increased its stake in Molina Healthcare, Inc. (NYSE:MOH) by 27.4% during the fourth quarter, acquiring an additional 8,381 shares, bringing its total holdings to 38,913 shares valued at approximately $6.94 million. This move comes despite Molina Healthcare reporting a substantial earnings per share miss of ($2.75) against an expected $0.43, though revenue beat estimates at $11.38 billion. The company has a consensus “Hold” rating from analysts with an average price target of $169.21, and institutional investors currently own about 98.50% of its stock.