Molina Healthcare, Inc $MOH Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System grew its position in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,414 shares of the company's stock after buying an additional 623 shares during the quarter. California State Teachers Retirement System owned 0.12% of Molina Healthcare worth $13,816,682 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MOH. Wedmont Private Capital acquired a new stake in Molina Healthcare during the second quarter valued at approximately $432,000. HB Wealth Management LLC raised its holdings in Molina Healthcare by 51.1% during the second quarter. HB Wealth Management LLC now owns 6,009 shares of the company's stock worth $1,374,000 after acquiring an additional 2,033 shares in the last quarter. Syon Capital LLC bought a new position in Molina Healthcare during the second quarter worth about $448,000. Continuum Advisory LLC acquired a new position in shares of Molina Healthcare in the second quarter valued at approximately $271,000. Finally, Nykredit A S bought a new position in Molina Healthcare during the second quarter worth $445,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MOH has been the topic of a number of recent research reports. Zacks Research cut shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 21st. Jefferies Financial Group set a $230.00 price objective on shares of Molina Healthcare in a report on Tuesday, July 14th. Barclays dropped their price target on shares of Molina Healthcare from $184.00 to $180.00 and set an "underweight" rating for the company in a research report on Friday, July 24th. Royal Bank Of Canada lowered their price objective on shares of Molina Healthcare from $248.00 to $218.00 and set a "sector perform" rating on the stock in a research report on Friday, July 24th. Finally, UBS Group raised their price objective on Molina Healthcare from $180.00 to $202.00 and gave the stock a "neutral" rating in a report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Molina Healthcare currently has an average rating of "Hold" and an average price target of $202.44.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock traded down $5.80 during trading on Tuesday, reaching $208.27. 172,363 shares of the company's stock were exchanged, compared to its average volume of 1,363,063. The firm's 50-day moving average price is $207.49 and its 200 day moving average price is $184.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. Molina Healthcare, Inc has a 1-year low of $121.06 and a 1-year high of $244.89. The company has a market cap of $10.87 billion, a P/E ratio of -1,158.65, a PEG ratio of 29.27 and a beta of 0.75.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The business had revenue of $10.87 billion during the quarter, compared to the consensus estimate of $10.83 billion. During the same period last year, the business posted $5.48 earnings per share. The business's revenue for the quarter was down 4.8% on a year-over-year basis. As a group, research analysts anticipate that Molina Healthcare, Inc will post 5.29 earnings per share for the current year.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed care company that provides health insurance and related services through government-sponsored programs. Its primary lines of business include Medicaid, Medicare, and Affordable Care Act Marketplace plans, with a focus on serving low-income individuals, families, seniors, and people with complex medical needs.

The company offers health plans that coordinate medical, behavioral health, pharmacy, and other care services through contracted provider networks.

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