Illinois Municipal Retirement Fund Purchases 902 Shares of Molina Healthcare, Inc (NYSE:MOH)

Illinois Municipal Retirement Fund raised its stake in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 2.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 35,314 shares of the company's stock after buying an additional 902 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of Molina Healthcare worth $11,632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JLB & Associates Inc. grew its holdings in Molina Healthcare by 0.3% during the first quarter. JLB & Associates Inc. now owns 10,626 shares of the company's stock worth $3,500,000 after acquiring an additional 36 shares during the period. Angeles Investment Advisors LLC lifted its holdings in Molina Healthcare by 5.4% in the 4th quarter. Angeles Investment Advisors LLC now owns 838 shares of the company's stock worth $244,000 after purchasing an additional 43 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in Molina Healthcare by 2.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,346 shares of the company's stock worth $683,000 after purchasing an additional 48 shares during the last quarter. Rothschild Investment LLC lifted its holdings in Molina Healthcare by 126.3% in the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after purchasing an additional 48 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of Molina Healthcare by 38.5% during the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company's stock worth $60,000 after buying an additional 57 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 669 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total value of $214,414.50. Following the sale, the director now owns 11,244 shares in the company, valued at approximately $3,603,702. The trade was a 5.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total value of $28,005,250.00. Following the sale, the chief executive officer now owns 257,715 shares in the company, valued at approximately $82,484,262.90. The trade was a 25.35% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MOH. Truist Financial boosted their price objective on Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. Sanford C. Bernstein began coverage on Molina Healthcare in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 target price on the stock. Morgan Stanley assumed coverage on Molina Healthcare in a research note on Monday, June 9th. They issued an "overweight" rating and a $364.00 target price on the stock. Finally, Baird R W lowered Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Molina Healthcare has a consensus rating of "Hold" and an average target price of $364.21.

Molina Healthcare Price Performance

Shares of MOH traded up $5.49 during midday trading on Friday, hitting $296.55. The company's stock had a trading volume of 640,870 shares, compared to its average volume of 691,121. Molina Healthcare, Inc has a one year low of $262.32 and a one year high of $365.23. The company's fifty day simple moving average is $307.51 and its two-hundred day simple moving average is $306.67. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $16.07 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.00 and a beta of 0.56.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.38% and a net margin of 2.81%. The company had revenue of $11.15 billion for the quarter, compared to analyst estimates of $10.86 billion. During the same quarter last year, the company posted $5.73 EPS. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

About Molina Healthcare

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.