Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in Molina Healthcare, Inc. (NYSE:MOH) by 13.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,568 shares of the company’s stock after acquiring an additional 8,460 shares during the period. New York State Common Retirement Fund owned 0.12% of Molina Healthcare worth $20,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Molina Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock valued at $900,787,000 after acquiring an additional 13,001 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Molina Healthcare by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock valued at $134,405,000 after acquiring an additional 10,030 shares during the period. Swiss National Bank increased its position in shares of Molina Healthcare by 0.3% in the 3rd quarter. Swiss National Bank now owns 173,900 shares of the company’s stock valued at $59,919,000 after acquiring an additional 500 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Molina Healthcare by 2.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,573 shares of the company’s stock valued at $43,533,000 after purchasing an additional 3,238 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Molina Healthcare by 14.6% in the fourth quarter. KBC Group NV now owns 125,486 shares of the company’s stock valued at $36,522,000 after purchasing an additional 15,993 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Trading Down 2.6 %

MOH stock opened at $283.89 on Friday. The company’s 50-day simple moving average is $293.21 and its 200-day simple moving average is $314.24. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The firm has a market cap of $15.76 billion, a P/E ratio of 13.90, a PEG ratio of 1.06 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, equities analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on MOH. UBS Group lowered their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company upped their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. Barclays lowered their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $353.17.

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.