Louisiana State Employees Retirement System Sells 200 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Louisiana State Employees Retirement System cut its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,100 shares of the company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Molina Healthcare were worth $902,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC increased its position in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after purchasing an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in shares of Molina Healthcare during the fourth quarter worth approximately $52,000. Capital Performance Advisors LLP purchased a new stake in shares of Molina Healthcare during the third quarter worth approximately $62,000. Finally, AM Squared Ltd increased its position in shares of Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after purchasing an additional 100 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Trading Up 0.6 %

MOH opened at $272.28 on Tuesday. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. The company has a market cap of $15.57 billion, a P/E ratio of 13.33, a PEG ratio of 0.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.62. The business’s 50-day simple moving average is $294.57 and its 200-day simple moving average is $315.79.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, equities research analysts expect that Molina Healthcare, Inc. will post 24.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MOH shares. Truist Financial lowered their price objective on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. UBS Group decreased their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Stephens reaffirmed an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $355.67.

Molina Healthcare Company 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.