Molina Healthcare, Inc. (NYSE:MOH) Stock Holdings Increased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Molina Healthcare, Inc. (NYSE:MOHFree Report) by 15.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,722 shares of the company’s stock after buying an additional 1,554 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Molina Healthcare were worth $3,844,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Orion Portfolio Solutions LLC lifted its position in Molina Healthcare by 2.0% in the third quarter. Orion Portfolio Solutions LLC now owns 16,502 shares of the company’s stock worth $5,411,000 after purchasing an additional 330 shares during the period. Principal Financial Group Inc. lifted its position in Molina Healthcare by 0.5% in the third quarter. Principal Financial Group Inc. now owns 74,056 shares of the company’s stock worth $24,282,000 after purchasing an additional 376 shares during the period. Jennison Associates LLC lifted its position in Molina Healthcare by 5.4% in the third quarter. Jennison Associates LLC now owns 334,019 shares of the company’s stock worth $109,521,000 after purchasing an additional 17,247 shares during the period. Caden Capital Partners LP bought a new position in Molina Healthcare in the second quarter worth $11,983,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in Molina Healthcare by 7.5% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,370 shares of the company’s stock worth $449,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Insider Activity

In related news, Director Ronna Romney sold 335 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $358.00, for a total transaction of $119,930.00. Following the completion of the sale, the director now directly owns 16,907 shares of the company’s stock, valued at approximately $6,052,706. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $388.67 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.47. The stock has a market cap of $22.66 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.12 and a beta of 0.45. The stock has a 50-day moving average of $367.29 and a 200-day moving average of $345.10. Molina Healthcare, Inc. has a one year low of $256.19 and a one year high of $391.21.

Molina Healthcare (NYSE:MOHGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. Molina Healthcare’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.10 EPS. As a group, sell-side analysts expect that Molina Healthcare, Inc. will post 23.55 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on MOH shares. Cantor Fitzgerald raised their target price on Molina Healthcare from $374.00 to $406.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on Molina Healthcare from $367.00 to $392.00 and gave the company an “overweight” rating in a report on Friday, November 17th. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, UBS Group lifted their price objective on Molina Healthcare from $350.00 to $380.00 and gave the company a “neutral” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $357.50.

Read 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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