State of Michigan Retirement System Has $5 Million Holdings in Molina Healthcare, Inc. (NYSE:MOH)

State of Michigan Retirement System lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,832 shares of the company’s stock after acquiring an additional 300 shares during the period. State of Michigan Retirement System’s holdings in Molina Healthcare were worth $5,004,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. McIlrath & Eck LLC acquired a new position in shares of Molina Healthcare in the fourth quarter valued at about $34,000. Principal Securities Inc. acquired a new stake in Molina Healthcare during the fourth quarter worth about $42,000. Access Investment Management LLC acquired a new stake in Molina Healthcare during the fourth quarter worth about $99,000. GAMMA Investing LLC acquired a new stake in Molina Healthcare during the fourth quarter worth about $106,000. Finally, Mather Group LLC. acquired a new stake in Molina Healthcare during the first quarter worth about $123,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MOH. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Jefferies Financial Group reduced their price objective on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Baird R W upgraded shares of Molina Healthcare to a “strong-buy” rating in a research note on Thursday, May 30th. Wells Fargo & Company increased their price objective on shares of Molina Healthcare from $315.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Finally, TD Cowen dropped their target price on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $378.00.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the sale, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Maurice Hebert sold 393 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the sale, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the sale, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Down 0.1 %

NYSE MOH traded down $0.49 during trading hours on Tuesday, reaching $346.80. The company’s stock had a trading volume of 6,861 shares, compared to its average volume of 489,282. The firm has a fifty day simple moving average of $317.29 and a 200-day simple moving average of $349.55. The stock has a market cap of $20.32 billion, a P/E ratio of 18.84, a P/E/G ratio of 1.20 and a beta of 0.58. Molina Healthcare, Inc. has a 52 week low of $282.96 and a 52 week high of $423.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.73 by $0.13. The business had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business earned $5.65 EPS. Equities analysts forecast that Molina Healthcare, Inc. will post 23.5 earnings per share for the current fiscal year.

Molina Healthcare Company 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.