Strs Ohio Acquires Shares of 6,170 Molina Healthcare, Inc. (NYSE:MOH)

Strs Ohio bought a new position in Molina Healthcare, Inc. (NYSE:MOH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,170 shares of the company’s stock, valued at approximately $2,229,000.

Other institutional investors have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Molina Healthcare in the 3rd quarter worth approximately $30,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Molina Healthcare in the fourth quarter worth $34,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Molina Healthcare by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after purchasing an additional 57 shares in the last quarter. Friedenthal Financial bought a new position in Molina Healthcare during the 4th quarter valued at about $43,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Molina Healthcare in the first quarter worth approximately $40,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MOH. Barclays initiated coverage on Molina Healthcare in a research report on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 target price on the stock. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Truist Financial increased their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Bank of America lowered Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective for the company. in a research report on Thursday, March 28th. Finally, Wells Fargo & Company reduced their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $393.09.

Molina Healthcare Stock Up 1.8 %

Shares of NYSE:MOH opened at $367.52 on Friday. The firm has a market capitalization of $21.53 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.01 and a beta of 0.47. The business has a 50 day simple moving average of $394.33 and a two-hundred day simple moving average of $370.95. Molina Healthcare, Inc. has a 1 year low of $266.35 and a 1 year high of $423.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The company had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.35 billion. During the same quarter in the previous year, the business earned $4.10 EPS. Molina Healthcare’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts predict that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Insider Activity at Molina Healthcare

In other news, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction on Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the transaction, the director now directly owns 12,207 shares in the company, valued at approximately $4,688,220.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Richard M. Schapiro sold 711 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the sale, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard M. Schapiro sold 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The disclosure for this sale can be found here. Insiders sold 16,711 shares of company stock worth $6,472,517 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

About Molina Healthcare

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.