Molina Healthcare, Inc $MOH Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 0.9% in the second quarter, HoldingsChannel.com reports. The firm owned 43,729 shares of the company’s stock after selling 395 shares during the period. New York State Teachers Retirement System’s holdings in Molina Healthcare were worth $13,027,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Amalgamated Bank lifted its position in shares of Molina Healthcare by 0.3% during the 1st quarter. Amalgamated Bank now owns 11,580 shares of the company’s stock worth $3,814,000 after purchasing an additional 33 shares during the last quarter. Deseret Mutual Benefit Administrators raised its stake in Molina Healthcare by 60.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock worth $30,000 after acquiring an additional 34 shares in the last quarter. PenderFund Capital Management Ltd. increased its stake in Molina Healthcare by 0.4% in the first quarter. PenderFund Capital Management Ltd. now owns 10,071 shares of the company’s stock valued at $3,317,000 after purchasing an additional 40 shares during the period. Vestcor Inc increased its stake in Molina Healthcare by 2.3% in the first quarter. Vestcor Inc now owns 2,158 shares of the company’s stock valued at $711,000 after purchasing an additional 48 shares during the period. Finally, Elequin Capital LP increased its stake in Molina Healthcare by 170.6% in the first quarter. Elequin Capital LP now owns 92 shares of the company’s stock valued at $30,000 after purchasing an additional 58 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Molina Healthcare news, COO James Woys acquired 10,000 shares of Molina Healthcare stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the transaction, the chief operating officer owned 74,331 shares in the company, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronna Romney sold 700 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total transaction of $107,618.00. Following the transaction, the director owned 17,131 shares of the company’s stock, valued at approximately $2,633,719.94. This trade represents a 3.93% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MOH shares. Barclays lowered their target price on shares of Molina Healthcare from $186.00 to $185.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Cantor Fitzgerald reissued a “neutral” rating and issued a $210.00 price objective on shares of Molina Healthcare in a research report on Tuesday, August 26th. Morgan Stanley upped their price target on shares of Molina Healthcare from $163.00 to $204.00 and gave the stock an “equal weight” rating in a research report on Tuesday. The Goldman Sachs Group assumed coverage on shares of Molina Healthcare in a research report on Tuesday. They set a “neutral” rating and a $207.00 price target for the company. Finally, Mizuho dropped their price objective on shares of Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, July 11th. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $222.15.

Molina Healthcare Stock Up 2.1%

Shares of NYSE:MOH opened at $192.47 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.66 and a current ratio of 1.66. Molina Healthcare, Inc has a 1-year low of $151.95 and a 1-year high of $359.97. The company’s fifty day moving average is $181.93 and its two-hundred day moving average is $244.17. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 9.49 and a beta of 0.55.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing analysts’ consensus estimates of $5.50 by ($0.02). Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.The firm had revenue of $11.43 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same period last year, the business earned $5.86 EPS. The firm’s revenue was up 15.7% on a year-over-year basis. Equities analysts anticipate that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Molina Healthcare Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.