Public Employees Retirement Association of Colorado Lowers Position in Molina Healthcare, Inc. (NYSE:MOH)

Public Employees Retirement Association of Colorado trimmed its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,093 shares of the company’s stock after selling 351 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Molina Healthcare were worth $1,811,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MOH. Vanguard Group Inc. raised its position in shares of Molina Healthcare by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,585,954 shares of the company’s stock worth $2,379,571,000 after acquiring an additional 23,715 shares during the period. Capital World Investors raised its holdings in Molina Healthcare by 0.3% in the 4th quarter. Capital World Investors now owns 5,490,147 shares of the company’s stock worth $1,983,645,000 after purchasing an additional 14,775 shares during the period. Wellington Management Group LLP boosted its position in Molina Healthcare by 12.8% during the fourth quarter. Wellington Management Group LLP now owns 3,831,100 shares of the company’s stock worth $1,384,215,000 after purchasing an additional 436,060 shares in the last quarter. Capital Research Global Investors grew its holdings in Molina Healthcare by 5.4% in the fourth quarter. Capital Research Global Investors now owns 2,430,283 shares of the company’s stock valued at $878,086,000 after purchasing an additional 123,894 shares during the period. Finally, Capital International Investors increased its position in shares of Molina Healthcare by 0.9% in the first quarter. Capital International Investors now owns 1,665,801 shares of the company’s stock valued at $684,361,000 after buying an additional 15,264 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock opened at $347.98 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57. The business’s 50 day moving average price is $336.88 and its 200 day moving average price is $342.52. The company has a market cap of $20.39 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.20 and a beta of 0.57. Molina Healthcare, Inc. has a one year low of $282.96 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.13. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The firm had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the previous year, the company posted $5.65 EPS. The company’s revenue was up 18.7% compared to the same quarter last year. On average, research analysts predict that Molina Healthcare, Inc. will post 23.5 EPS for the current year.

Insider Transactions at Molina Healthcare

In related news, CAO Maurice Hebert sold 393 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now directly owns 9,473 shares in the company, valued at $3,282,583.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the sale, the director now directly owns 18,025 shares in the company, valued at $6,114,260.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Maurice Hebert sold 393 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the transaction, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MOH shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Tuesday, September 10th. Wells Fargo & Company boosted their target price on shares of Molina Healthcare from $315.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Baird R W raised shares of Molina Healthcare to a “strong-buy” rating in a research note on Thursday, May 30th. Truist Financial lowered their price objective on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Molina Healthcare currently has an average rating of “Hold” and an average target price of $378.00.

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.