Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.54 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,162 shares of the company’s stock after selling 595 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Molina Healthcare were worth $3,540,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC lifted its stake in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Versant Capital Management Inc lifted its stake in Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after buying an additional 74 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in Molina Healthcare in the fourth quarter valued at about $52,000. EverSource Wealth Advisors LLC lifted its stake in Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after buying an additional 88 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its stake in Molina Healthcare by 895.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company’s stock valued at $58,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MOH shares. Truist Financial cut their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. UBS Group cut their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, Stephens restated an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $355.69.

Molina Healthcare Stock Down 1.7 %

MOH stock 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 50 day moving average price of $299.99 and a two-hundred day moving average price of $309.21. The company has a market cap of $16.95 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. Analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal 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.