Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 5.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,093 shares of the company’s stock after selling 351 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Molina Healthcare were worth $1,811,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new position in Molina Healthcare in the second quarter worth approximately $36,000. Ashton Thomas Private Wealth LLC purchased a new position in Molina Healthcare in the second quarter valued at $40,000. AM Squared Ltd purchased a new position in Molina Healthcare in the second quarter valued at $59,000. Mather Group LLC. acquired a new stake in Molina Healthcare in the first quarter valued at $123,000. Finally, Lindbrook Capital LLC lifted its holdings in Molina Healthcare by 47.0% during the 1st quarter. Lindbrook Capital LLC now owns 322 shares of the company’s stock worth $132,000 after buying an additional 103 shares during the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Stock Down 1.0 %

MOH opened at $347.98 on Tuesday. Molina Healthcare, Inc. has a 52 week low of $282.96 and a 52 week high of $423.92. The business has a 50 day moving average price of $336.88 and a two-hundred day moving average price of $342.52. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49. The company has a market cap of $20.39 billion, a PE ratio of 18.88, a P/E/G ratio of 1.20 and a beta of 0.57.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 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 analysts’ expectations of $9.75 billion. During the same quarter in the prior year, the business earned $5.65 earnings per share. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 23.5 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the sale, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at $3,282,583.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the transaction, the director now owns 18,025 shares of the company’s stock, valued at $6,114,260.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Maurice Hebert sold 393 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the transaction, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MOH has been the topic of several research analyst reports. Stephens reissued an “equal weight” rating and set a $320.00 target price on shares of Molina Healthcare in a research report on Thursday, July 25th. TD Cowen reduced their price objective on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Truist Financial lowered their target price on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a report on Monday, July 15th. Baird R W upgraded shares of Molina Healthcare to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, Robert W. Baird assumed coverage on shares of Molina Healthcare in a research note on Thursday, May 30th. They issued an “outperform” rating and a $405.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare has a consensus rating of “Hold” and an average target price of $378.00.

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.