Retirement Systems of Alabama Lowers Position in Molina Healthcare, Inc. (NYSE:MOH)

Retirement Systems of Alabama reduced its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,847 shares of the company’s stock after selling 335 shares during the period. Retirement Systems of Alabama’s holdings in Molina Healthcare were worth $4,642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its stake in shares of Molina Healthcare by 1.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 17,879 shares of the company’s stock worth $5,862,000 after purchasing an additional 192 shares during the period. SVB Wealth LLC bought a new stake in shares of Molina Healthcare in the 3rd quarter worth about $204,000. Raymond James Financial Services Advisors Inc. grew its holdings in Molina Healthcare by 59.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,908 shares of the company’s stock valued at $626,000 after purchasing an additional 711 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of Molina Healthcare by 47.2% during the 3rd quarter. Lindbrook Capital LLC now owns 159 shares of the company’s stock worth $52,000 after acquiring an additional 51 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in Molina Healthcare by 14.2% in the 3rd quarter. Mackenzie Financial Corp now owns 6,503 shares of the company’s stock worth $2,095,000 after buying an additional 811 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Up 0.0 %

NYSE:MOH opened at $339.68 on Monday. The firm has a market cap of $19.91 billion, a P/E ratio of 18.43, a PEG ratio of 1.04 and a beta of 0.54. Molina Healthcare, Inc. has a 12-month low of $266.35 and a 12-month high of $423.92. The stock’s 50 day simple moving average is $384.15 and its 200-day simple moving average is $371.92. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, beating analysts’ consensus estimates of $5.46 by $0.27. The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.45 billion. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the company earned $5.81 EPS. Equities analysts anticipate that Molina Healthcare, Inc. will post 23.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on MOH. Barclays decreased their price target on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. Stephens reaffirmed an “equal weight” rating and set a $390.00 price objective on shares of Molina Healthcare in a research note on Thursday, April 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, April 4th. Finally, Truist Financial boosted their price objective on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $398.55.

Insider Activity at Molina Healthcare

In other news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the sale, the director now owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the sale, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,711 shares of company stock worth $6,472,517. 1.10% of the stock is owned by company insiders.

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.