Public Employees Retirement Association of Colorado Has $2.42 Million Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Public Employees Retirement Association of Colorado lowered its stake in Molina Healthcare, Inc. (NYSE:MOHFree Report) by 71.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,683 shares of the company’s stock after selling 16,404 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Molina Healthcare were worth $2,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Molina Healthcare in the third quarter valued at about $30,000. McIlrath & Eck LLC acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at about $34,000. VisionPoint Advisory Group LLC increased its position in shares of Molina Healthcare by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after acquiring an additional 57 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Molina Healthcare by 40.4% in the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock valued at $41,000 after acquiring an additional 36 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $309.56 on Friday. Molina Healthcare, Inc. has a 12 month low of $269.67 and a 12 month high of $423.92. The stock’s 50 day moving average is $348.66 and its 200-day moving average is $369.26. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $18.14 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 0.95 and a beta of 0.57.

Molina Healthcare (NYSE:MOHGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.46 by $0.27. The business had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.45 billion. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company posted $5.81 earnings per share. Equities research analysts expect that Molina Healthcare, Inc. will post 23.56 EPS for the current year.

Insider Activity at Molina Healthcare

In related news, COO James Woys sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total value of $3,451,500.00. Following the completion of the sale, the chief operating officer now directly owns 53,613 shares in the company, valued at $18,504,526.95. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, COO James Woys sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total value of $3,451,500.00. Following the completion of the sale, the chief operating officer now directly owns 53,613 shares in the company, valued at $18,504,526.95. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronna Romney sold 250 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total value of $85,817.50. Following the sale, the director now owns 16,945 shares of the company’s stock, valued at $5,816,710.15. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MOH shares. JPMorgan Chase & Co. lowered their price target on Molina Healthcare from $435.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Baird R W raised Molina Healthcare to a “strong-buy” rating in a research report on Thursday, May 30th. Bank of America downgraded Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target on the stock. in a research report on Thursday, March 28th. Robert W. Baird started coverage on Molina Healthcare in a research report on Thursday, May 30th. They set an “outperform” rating and a $405.00 price target on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $407.45.

Check Out Our Latest Report on MOH

Molina Healthcare Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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