Maryland State Retirement & Pension System Sells 292 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Maryland State Retirement & Pension System cut its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,026 shares of the company’s stock after selling 292 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Molina Healthcare were worth $881,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State Street Corp raised its stake in Molina Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock valued at $900,787,000 after purchasing an additional 13,001 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Molina Healthcare by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 400,080 shares of the company’s stock valued at $116,443,000 after buying an additional 10,002 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Molina Healthcare by 166.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after buying an additional 122,674 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Molina Healthcare by 2.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,573 shares of the company’s stock valued at $43,533,000 after buying an additional 3,238 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Molina Healthcare by 48.9% during the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock worth $41,092,000 after acquiring an additional 46,350 shares during the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MOH has been the topic of several research analyst reports. Mizuho decreased their price target on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. UBS Group decreased their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. StockNews.com cut Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. Finally, Barclays cut their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $355.69.

Insider Activity at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the transaction, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by company insiders.

Molina Healthcare Price Performance

MOH opened at $309.85 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average of $299.99 and a 200 day moving average of $309.21. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The stock has a market cap of $16.95 billion, a P/E ratio of 15.17, a PEG ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last issued 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, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS 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.