Kentucky Retirement Systems Insurance Trust Fund Sells 163 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Kentucky Retirement Systems Insurance Trust Fund trimmed its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 7.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,914 shares of the company’s stock after selling 163 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Molina Healthcare were worth $786,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Norges Bank acquired a new stake in shares of Molina Healthcare in the 4th quarter valued at approximately $275,143,000. Wellington Management Group LLP increased its position in Molina Healthcare by 12.8% during the 4th quarter. Wellington Management Group LLP now owns 3,831,100 shares of the company’s stock worth $1,384,215,000 after buying an additional 436,060 shares during the period. Capital Research Global Investors increased its position in Molina Healthcare by 5.4% during the 4th quarter. Capital Research Global Investors now owns 2,430,283 shares of the company’s stock worth $878,086,000 after buying an additional 123,894 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Molina Healthcare by 127.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 192,847 shares of the company’s stock worth $69,678,000 after purchasing an additional 107,895 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of Molina Healthcare by 69.5% in the first quarter. Los Angeles Capital Management LLC now owns 223,825 shares of the company’s stock worth $91,954,000 after purchasing an additional 91,813 shares during the period. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Up 3.5 %

Shares of NYSE MOH traded up $11.19 during midday trading on Friday, hitting $335.36. 1,251,147 shares of the stock traded hands, compared to its average volume of 770,644. The company has a market cap of $19.65 billion, a PE ratio of 18.20, a P/E/G ratio of 1.05 and a beta of 0.58. Molina Healthcare, Inc. has a one year low of $282.96 and a one year high of $423.92. The business has a 50 day moving average price of $306.95 and a two-hundred day moving average price of $352.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.49 and a current ratio of 1.57.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The business had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the prior year, the company posted $5.65 earnings per share. Molina Healthcare’s revenue was up 18.7% compared to the same quarter last year. On average, equities analysts predict that Molina Healthcare, Inc. will post 23.16 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on MOH. TD Cowen decreased their price target on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research report on Wednesday. Jefferies Financial Group reduced their price objective on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday. Barclays cut their price target on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Tuesday, July 23rd. Finally, Robert W. Baird initiated coverage on Molina Healthcare in a research note on Thursday, May 30th. They issued an “outperform” rating and a $405.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $376.18.

Insiders Place Their Bets

In other Molina Healthcare news, Director Ronna Romney sold 250 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total value of $85,817.50. Following the transaction, the director now owns 16,945 shares of the company’s stock, valued at $5,816,710.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Molina Healthcare news, Director Ronna Romney sold 250 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total value of $85,817.50. Following the transaction, the director now owns 16,945 shares of the company’s stock, valued at $5,816,710.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO James Woys sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total value of $3,451,500.00. Following the completion of the transaction, the chief operating officer now directly owns 53,613 shares in the company, valued at approximately $18,504,526.95. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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.