California State Teachers Retirement System Lowers Holdings in Molina Healthcare, Inc. (NYSE:MOH)

California State Teachers Retirement System reduced its stake in Molina Healthcare, Inc. (NYSE:MOH – Get Rating) by 1.1% during the third quarter, HoldingsChannel reports. The fund owned 95,343 shares of the company’s stock after selling 1,016 shares during the period. California State Teachers Retirement System’s holdings in Molina Healthcare were worth $31,448,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MOH. Private Trust Co. NA purchased a new position in Molina Healthcare in the 2nd quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Molina Healthcare by 64.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 92 shares of the company’s stock valued at $30,000 after purchasing an additional 36 shares in the last quarter. Guardian Wealth Advisors LLC purchased a new stake in shares of Molina Healthcare during the third quarter valued at $31,000. Brown Brothers Harriman & Co. bought a new stake in Molina Healthcare in the 1st quarter worth about $40,000. Finally, Parkside Financial Bank & Trust raised its position in Molina Healthcare by 85.9% in the 1st quarter. Parkside Financial Bank & Trust now owns 132 shares of the company’s stock worth $44,000 after buying an additional 61 shares during the last quarter. 94.25% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Daniel Cooperman sold 5,000 shares of the company’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $276.77, for a total value of $1,383,850.00. Following the completion of the transaction, the director now owns 4,944 shares of the company’s stock, valued at approximately $1,368,350.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.49% of the company’s stock.

Molina Healthcare Stock Performance

Shares of MOH opened at $263.71 on Friday. The business has a 50-day simple moving average of $290.39 and a two-hundred day simple moving average of $321.06. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.81. Molina Healthcare, Inc. has a 52 week low of $249.78 and a 52 week high of $374.00. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 0.67 and a beta of 0.66.

Molina Healthcare (NYSE:MOH – Get Rating) last released its earnings results on Wednesday, February 8th. The company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.06 by $0.04. Molina Healthcare had a net margin of 2.48% and a return on equity of 36.05%. The company had revenue of $8.22 billion during the quarter, compared to analyst estimates of $7.87 billion. During the same period in the prior year, the firm posted $2.88 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, analysts expect that Molina Healthcare, Inc. will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MOH. Bank of America raised shares of Molina Healthcare from an “underperform” rating to a “neutral” rating and set a $388.00 price target on the stock in a report on Tuesday, December 13th. Barclays cut their target price on shares of Molina Healthcare from $400.00 to $375.00 and set an “overweight” rating for the company in a research report on Wednesday, January 4th. Credit Suisse Group lowered their price target on Molina Healthcare from $395.00 to $347.00 and set an “outperform” rating on the stock in a report on Friday, February 10th. Stephens reaffirmed an “equal weight” rating and issued a $375.00 price objective on shares of Molina Healthcare in a report on Thursday, February 9th. Finally, StockNews.com raised Molina Healthcare from a “buy” rating to a “strong-buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $358.64.

About Molina Healthcare

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Molina Healthcare, Inc engages in the provision of health care services. It operates through the following segments: Medicaid, Medicare, Marketplace, and Other. The company was founded by C. David Molina in 1980 and is headquartered in Long Beach, CA.