South Dakota Investment Council trimmed its holdings in shares of Molina Healthcare (NYSE:MOH) by 8.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,200 shares of the company’s stock after selling 4,300 shares during the period. South Dakota Investment Council owned about 0.07% of Molina Healthcare worth $3,751,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Board of Administration of Florida Retirement System boosted its position in Molina Healthcare by 2.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 24,447 shares of the company’s stock valued at $1,985,000 after buying an additional 669 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Molina Healthcare by 40.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,404 shares of the company’s stock valued at $184,000 after buying an additional 690 shares during the period. American International Group Inc. boosted its position in Molina Healthcare by 0.7% during the first quarter. American International Group Inc. now owns 120,515 shares of the company’s stock valued at $9,783,000 after buying an additional 812 shares during the period. State Treasurer State of Michigan boosted its position in Molina Healthcare by 6.3% during the first quarter. State Treasurer State of Michigan now owns 16,800 shares of the company’s stock valued at $1,364,000 after buying an additional 1,000 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its position in Molina Healthcare by 22.9% during the fourth quarter. Meadow Creek Investment Management LLC now owns 5,404 shares of the company’s stock valued at $414,000 after buying an additional 1,008 shares during the period.
In related news, Director Steven J. Orlando sold 1,500 shares of the stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $82.10, for a total value of $123,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 3,900 shares of company stock valued at $302,783. 0.65% of the stock is owned by insiders.
A number of analysts have recently weighed in on the stock. Jefferies Group reiterated a “hold” rating and set a $80.00 target price on shares of Molina Healthcare in a report on Wednesday, February 14th. BMO Capital Markets dropped their target price on shares of Molina Healthcare from $98.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, February 14th. TheStreet upgraded shares of Molina Healthcare from a “c” rating to a “b-” rating in a report on Monday. Zacks Investment Research lowered shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Morgan Stanley dropped their target price on shares of Molina Healthcare from $97.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $80.92.
Molina Healthcare opened at $84.29 on Friday, Marketbeat reports. Molina Healthcare has a 1 year low of $56.67 and a 1 year high of $93.98. The stock has a market capitalization of $5.24 billion, a P/E ratio of 150.52, a P/E/G ratio of 1.34 and a beta of 1.20. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.98.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Monday, April 30th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.90. Molina Healthcare had a negative net margin of 2.46% and a positive return on equity of 20.08%. The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the prior year, the firm earned $0.63 earnings per share. Molina Healthcare’s revenue was down 5.3% on a year-over-year basis. equities analysts anticipate that Molina Healthcare will post 4.63 earnings per share for the current fiscal year.
About Molina Healthcare
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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