Ontario Teachers Pension Plan Board Has $6.75 Million Holdings in Molina Healthcare, Inc. (NYSE:MOH)

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Ontario Teachers Pension Plan Board lessened its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 20.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,867 shares of the company’s stock after selling 17,476 shares during the quarter. Ontario Teachers Pension Plan Board owned 0.11% of Molina Healthcare worth $6,745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. raised its holdings in shares of Molina Healthcare by 22.5% during the second quarter. First Mercantile Trust Co. now owns 3,442 shares of the company’s stock valued at $337,000 after acquiring an additional 632 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of 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 acquiring an additional 669 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Molina Healthcare by 1.8% during the first quarter. Great West Life Assurance Co. Can now owns 39,001 shares of the company’s stock valued at $3,164,000 after acquiring an additional 674 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Molina Healthcare by 5.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $1,254,000 after acquiring an additional 700 shares during the last quarter. Finally, State Treasurer State of Michigan raised its holdings in shares of Molina Healthcare by 4.2% during the second quarter. State Treasurer State of Michigan now owns 17,500 shares of the company’s stock valued at $1,714,000 after acquiring an additional 700 shares during the last quarter.

In other news, Director Ronna Romney sold 200 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $138.11, for a total value of $27,622.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel Cooperman sold 943 shares of the firm’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $133.81, for a total value of $126,182.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,867 shares of company stock worth $1,301,992. Insiders own 0.65% of the company’s stock.

Shares of MOH traded up $1.99 during midday trading on Friday, hitting $151.73. 975,634 shares of the stock were exchanged, compared to its average volume of 1,000,462. The firm has a market cap of $9.05 billion, a P/E ratio of 270.95, a P/E/G ratio of 1.43 and a beta of 1.28. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.73. Molina Healthcare, Inc. has a 52-week low of $58.66 and a 52-week high of $153.21.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $1.99. The business had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Molina Healthcare had a positive return on equity of 23.01% and a negative net margin of 0.26%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned ($4.01) earnings per share. sell-side analysts expect that Molina Healthcare, Inc. will post 6.68 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the company. Morgan Stanley upped their price target on Molina Healthcare from $132.00 to $178.00 and gave the company an “overweight” rating in a research report on Wednesday, September 5th. Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research report on Friday, August 3rd. Barclays upped their price target on Molina Healthcare from $105.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, August 2nd. Bank of America increased their price objective on Molina Healthcare from $94.00 to $110.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 1st. Finally, SunTrust Banks increased their price objective on Molina Healthcare to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $114.15.

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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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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