New York State Teachers Retirement System Has $14.53 Million Position in Molina Healthcare, Inc (NYSE:MOH)

New York State Teachers Retirement System trimmed its holdings in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 11.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,124 shares of the company's stock after selling 5,767 shares during the period. New York State Teachers Retirement System owned 0.08% of Molina Healthcare worth $14,534,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MOH. US Bancorp DE raised its holdings in shares of Molina Healthcare by 22.3% in the fourth quarter. US Bancorp DE now owns 1,993 shares of the company's stock valued at $580,000 after buying an additional 364 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Molina Healthcare by 123.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock valued at $100,000 after acquiring an additional 192 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Molina Healthcare by 300.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 593 shares of the company's stock worth $173,000 after acquiring an additional 445 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Molina Healthcare by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 400,080 shares of the company's stock worth $116,443,000 after acquiring an additional 10,002 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Molina Healthcare by 48.9% during the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company's stock worth $41,092,000 after purchasing an additional 46,350 shares in the last quarter. Institutional investors own 98.50% of the company's stock.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 669 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total transaction of $214,414.50. Following the sale, the director directly owned 11,244 shares in the company, valued at approximately $3,603,702. This trade represents a 5.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the transaction, the chief executive officer directly owned 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. 1.10% of the stock is currently owned by insiders.

Molina Healthcare Trading Up 0.2%

Molina Healthcare stock traded up $0.51 during midday trading on Friday, hitting $239.51. 788,916 shares of the stock were exchanged, compared to its average volume of 705,377. The stock has a market capitalization of $12.98 billion, a PE ratio of 11.56, a P/E/G ratio of 0.80 and a beta of 0.55. The company has a fifty day simple moving average of $302.25 and a two-hundred day simple moving average of $305.47. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.87. Molina Healthcare, Inc has a 52 week low of $236.37 and a 52 week high of $365.23.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MOH shares. Baird R W cut shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Wall Street Zen lowered Molina Healthcare from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Sanford C. Bernstein initiated coverage on Molina Healthcare in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 price target on the stock. Truist Financial boosted their price objective on Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, Mizuho upped their target price on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $364.21.

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.