Molina Healthcare, Inc $MOH Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 35.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 139,557 shares of the company’s stock after buying an additional 36,831 shares during the quarter. New York State Common Retirement Fund owned 0.26% of Molina Healthcare worth $26,706,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. raised its stake in shares of Molina Healthcare by 25.9% during the second quarter. Invesco Ltd. now owns 1,601,574 shares of the company’s stock valued at $477,109,000 after purchasing an additional 329,759 shares during the period. AQR Capital Management LLC grew its holdings in Molina Healthcare by 4.6% during the 2nd quarter. AQR Capital Management LLC now owns 925,672 shares of the company’s stock valued at $273,096,000 after purchasing an additional 40,714 shares in the last quarter. Norges Bank purchased a new stake in Molina Healthcare during the 2nd quarter worth $212,113,000. Charles Schwab Investment Management Inc. lifted its holdings in Molina Healthcare by 0.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 419,457 shares of the company’s stock worth $124,956,000 after buying an additional 3,216 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Molina Healthcare by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 364,716 shares of the company’s stock valued at $108,649,000 after buying an additional 28,562 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH opened at $179.28 on Friday. Molina Healthcare, Inc has a 52 week low of $133.40 and a 52 week high of $359.97. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 11.10 and a beta of 0.49. The stock has a 50 day moving average of $170.99 and a 200-day moving average of $171.61.

Insider Buying and Selling

In other Molina Healthcare news, Director Richard M. Schapiro sold 357 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $143.02, for a total transaction of $51,058.14. Following the completion of the sale, the director owned 11,352 shares in the company, valued at $1,623,563.04. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $165.00 target price on Molina Healthcare in a research note on Friday, October 24th. Mizuho set a $220.00 price objective on Molina Healthcare in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Molina Healthcare in a research report on Thursday, January 22nd. The Goldman Sachs Group decreased their price target on shares of Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Finally, Barclays lifted their price target on shares of Molina Healthcare from $144.00 to $164.00 and gave the stock an “underweight” rating in a research note on Monday, January 5th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $193.47.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.