Public Employees Retirement System of Ohio Sells 807 Shares of Molina Healthcare, Inc $MOH

Public Employees Retirement System of Ohio lowered its position in Molina Healthcare, Inc (NYSE:MOH) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,649 shares of the company’s stock after selling 807 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Molina Healthcare were worth $4,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC grew its stake in Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock worth $28,000 after purchasing an additional 48 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Molina Healthcare during the first quarter worth $29,000. Deseret Mutual Benefit Administrators lifted its holdings in Molina Healthcare by 60.7% during the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock worth $30,000 after buying an additional 34 shares during the period. Elequin Capital LP lifted its holdings in Molina Healthcare by 170.6% during the first quarter. Elequin Capital LP now owns 92 shares of the company’s stock worth $30,000 after buying an additional 58 shares during the period. Finally, Silver Oak Securities Incorporated purchased a new stake in Molina Healthcare during the first quarter worth $34,000. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 target price on shares of Molina Healthcare in a report on Tuesday, August 26th. UBS Group lowered their target price on Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, July 25th. Wells Fargo & Company lowered their target price on Molina Healthcare from $216.00 to $198.00 and set an “overweight” rating for the company in a report on Friday, August 15th. Mizuho lowered their target price on Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, July 11th. Finally, Sanford C. Bernstein lowered their target price on Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating for the company in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $225.18.

Molina Healthcare Price Performance

NYSE MOH opened at $193.08 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66. The stock’s fifty day moving average price is $172.48 and its 200 day moving average price is $255.72. Molina Healthcare, Inc has a 1 year low of $151.95 and a 1 year high of $359.97. The company has a market cap of $10.47 billion, a price-to-earnings ratio of 9.52 and a beta of 0.54.

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

Insider Buying and Selling at Molina Healthcare

In other news, COO James Woys bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $155.94 per share, with a total value of $1,559,400.00. Following the transaction, the chief operating officer directly owned 74,331 shares in the company, valued at approximately $11,591,176.14. The trade was a 15.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronna Romney sold 700 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total value of $107,618.00. Following the completion of the transaction, the director directly owned 17,131 shares in the company, valued at approximately $2,633,719.94. The trade was a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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.