Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 5.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,382 shares of the company’s stock after selling 230 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Molina Healthcare were worth $1,510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Innealta Capital LLC purchased a new stake in Molina Healthcare during the second quarter worth $36,000. True Wealth Design LLC raised its stake in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Molina Healthcare during the 2nd quarter worth $40,000. AM Squared Ltd purchased a new stake in shares of Molina Healthcare in the 2nd quarter worth about $59,000. Finally, Capital Performance Advisors LLP acquired a new stake in Molina Healthcare in the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MOH. Barclays upped their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Robert W. Baird cut their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Wells Fargo & Company upped their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $363.42.

Molina Healthcare Stock Performance

NYSE MOH opened at $291.78 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $16.69 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. The business’s 50-day moving average price is $309.31 and its 200 day moving average price is $319.33. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same period in the prior year, the firm posted $5.05 EPS. The company’s revenue was up 21.0% on a year-over-year basis. On average, research analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

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.