California Public Employees Retirement System Grows Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

California Public Employees Retirement System grew its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 337,294 shares of the company’s stock after purchasing an additional 5,642 shares during the quarter. California Public Employees Retirement System’s holdings in Molina Healthcare were worth $121,868,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MOH. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Molina Healthcare during the 3rd quarter valued at about $30,000. VisionPoint Advisory Group LLC boosted its stake in Molina Healthcare by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock worth $36,000 after acquiring an additional 57 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after acquiring an additional 36 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC boosted its stake in Molina Healthcare by 3,933.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock worth $43,000 after acquiring an additional 118 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in Molina Healthcare during the fourth quarter worth about $43,000. Institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MOH shares. Barclays started coverage on shares of Molina Healthcare in a research note on Wednesday, March 6th. They set an “equal weight” rating and a $437.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, April 4th. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Bank of America downgraded shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price on the stock. in a research note on Thursday, March 28th. Finally, Wells Fargo & Company dropped their target price on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $393.09.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the completion of the sale, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Lowell Keim sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the completion of the transaction, the chief financial officer now owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,711 shares of company stock valued at $6,472,517. Insiders own 1.11% of the company’s stock.

Molina Healthcare Stock Up 0.4 %

MOH opened at $363.22 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average price of $393.72 and a 200-day moving average price of $371.83. Molina Healthcare, Inc. has a twelve month low of $266.35 and a twelve month high of $423.92. The stock has a market capitalization of $21.28 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.01 and a beta of 0.47.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The business had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.35 billion. During the same period in the prior year, the company earned $4.10 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. Equities research analysts forecast that Molina Healthcare, Inc. will post 23.62 earnings per share for the current year.

Molina Healthcare Company 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.