Teachers Retirement System of The State of Kentucky Trims Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Teachers Retirement System of The State of Kentucky cut its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,017 shares of the company’s stock after selling 240 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Molina Healthcare were worth $1,812,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. McIlrath & Eck LLC purchased a new position in Molina Healthcare during the fourth quarter worth about $34,000. VisionPoint Advisory Group LLC raised its stake in Molina Healthcare by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock worth $36,000 after purchasing an additional 57 shares during the period. Principal Securities Inc. purchased a new position in Molina Healthcare during the fourth quarter worth about $42,000. Friedenthal Financial purchased a new position in Molina Healthcare during the fourth quarter worth about $43,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its stake in shares of Molina Healthcare by 3,933.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock valued at $43,000 after acquiring an additional 118 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Baird R W raised shares of Molina Healthcare to a “strong-buy” rating in a research note on Thursday, May 30th. TD Cowen reduced their price target on shares of Molina Healthcare from $453.00 to $412.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Wells Fargo & Company reduced their price target on shares of Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a research note on Monday, April 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, April 4th. Finally, Barclays reduced their price target on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $407.45.

Molina Healthcare Trading Down 0.1 %

NYSE MOH opened at $307.46 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 52 week low of $283.57 and a 52 week high of $423.92. The stock has a market capitalization of $18.02 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.94 and a beta of 0.57. The firm has a 50 day moving average of $334.00 and a two-hundred day moving average of $365.34.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, topping the consensus estimate of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The company had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.45 billion. During the same quarter in the previous year, the business posted $5.81 EPS. The firm’s revenue was up 21.9% on a year-over-year basis. As a group, research analysts expect that Molina Healthcare, Inc. will post 23.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Molina Healthcare news, COO James Woys sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the completion of the transaction, the chief operating officer now owns 53,613 shares in the company, valued at approximately $18,504,526.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Ronna Romney sold 250 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total value of $85,817.50. Following the completion of the transaction, the director now owns 16,945 shares in the company, valued at approximately $5,816,710.15. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO James Woys sold 10,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the sale, the chief operating officer now owns 53,613 shares of the company’s stock, valued at approximately $18,504,526.95. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company 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.