Retirement Systems of Alabama increased its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,926 shares of the company’s stock after acquiring an additional 12,969 shares during the period. Retirement Systems of Alabama owned about 0.32% of Molina Healthcare worth $23,003,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aperio Group LLC boosted its position in Molina Healthcare by 1.6% in the third quarter. Aperio Group LLC now owns 22,234 shares of the company’s stock valued at $3,306,000 after buying an additional 360 shares in the last quarter. World Asset Management Inc boosted its position in Molina Healthcare by 13.9% in the third quarter. World Asset Management Inc now owns 3,047 shares of the company’s stock valued at $453,000 after buying an additional 372 shares in the last quarter. American Century Companies Inc. boosted its position in Molina Healthcare by 1.7% in the third quarter. American Century Companies Inc. now owns 26,693 shares of the company’s stock valued at $3,969,000 after buying an additional 439 shares in the last quarter. Vident Investment Advisory LLC boosted its position in Molina Healthcare by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 38,230 shares of the company’s stock valued at $3,744,000 after buying an additional 573 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Molina Healthcare by 4.1% in the third quarter. Hsbc Holdings PLC now owns 16,489 shares of the company’s stock valued at $2,451,000 after buying an additional 653 shares in the last quarter.

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $135.86, for a total transaction of $135,860.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Z. Fedak sold 3,795 shares of Molina Healthcare stock in a transaction on Monday, November 19th. The stock was sold at an average price of $120.74, for a total transaction of $458,208.30. Following the transaction, the director now directly owns 18,464 shares of the company’s stock, valued at approximately $2,229,343.36. The disclosure for this sale can be found here. Insiders have sold 9,195 shares of company stock valued at $1,187,506 in the last three months. 0.65% of the stock is owned by insiders.

A number of analysts have weighed in on the stock. Piper Jaffray Companies raised their target price on shares of Molina Healthcare to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, September 26th. Morgan Stanley raised their target price on shares of Molina Healthcare from $178.00 to $184.00 and gave the company an “overweight” rating in a research report on Thursday, October 18th. Zacks Investment Research lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Evercore ISI began coverage on shares of Molina Healthcare in a research note on Tuesday, October 9th. They set an “in-line” rating and a $158.00 price target for the company. Finally, Jefferies Financial Group downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research note on Friday, October 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $140.92.

MOH stock opened at $133.04 on Friday. The firm has a market cap of $8.15 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.26 and a beta of 1.62. Molina Healthcare, Inc. has a 52-week low of $71.07 and a 52-week high of $154.06. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.78.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, October 31st. The company reported $2.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.90. The firm had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.72 billion. Molina Healthcare had a net margin of 1.27% and a return on equity of 30.50%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned ($1.62) earnings per share. On average, research analysts predict that Molina Healthcare, Inc. will post 8.12 EPS for the current year.

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Molina Healthcare Company Profile

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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

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