Public Employees Retirement System of Ohio Makes New $3.66 Million Investment in Molina Healthcare, Inc $MOH

Key Points

• Public Employees Retirement System of Ohio purchased 16,018 Molina Healthcare shares worth approximately $3.66 million in the second quarter. Institutional investors collectively own 98.5% of the company, with BlackRock also acquiring a major stake.
• Analysts maintain a cautious outlook: Molina has a consensus “Hold” rating and an average price target of $202.44, with recent target changes ranging from $191 to $230.
• Molina’s latest quarterly results exceeded expectations, reporting $1.51 in EPS versus the $1.39 consensus and $10.87 billion in revenue, although revenue declined 4.8% year over year.

Public Employees Retirement System of Ohio purchased a new stake in Molina Healthcare, Inc (NYSE:MOH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,018 shares of the company's stock, valued at approximately $3,663,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Molina Healthcare in the 2nd quarter valued at approximately $1,503,052,000. AQR Capital Management LLC boosted its position in Molina Healthcare by 217.0% during the 3rd quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company's stock worth $561,475,000 after acquiring an additional 2,008,458 shares during the last quarter. 8 Knots Management LLC acquired a new position in Molina Healthcare during the 4th quarter worth approximately $198,942,000. Manning & Napier Advisors LLC bought a new position in shares of Molina Healthcare during the 2nd quarter worth approximately $152,339,000. Finally, Maverick Capital Ltd. bought a new position in shares of Molina Healthcare during the 1st quarter worth approximately $86,081,000. 98.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on MOH. JPMorgan Chase & Co. increased their target price on shares of Molina Healthcare from $169.00 to $191.00 and gave the stock a "neutral" rating in a report on Monday, June 8th. Weiss Ratings cut shares of Molina Healthcare from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, August 26th. Jefferies Financial Group set a $230.00 price objective on shares of Molina Healthcare in a research note on Tuesday, July 14th. Wells Fargo & Company lowered their target price on Molina Healthcare from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 28th. Finally, Cantor Fitzgerald restated a "neutral" rating on shares of Molina Healthcare in a research note on Friday, July 24th. 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 company's stock. According to MarketBeat, Molina Healthcare presently has a consensus rating of "Hold" and an average price target of $202.44.

Molina Healthcare Trading Down 0.0%

Molina Healthcare stock opened at $202.60 on Friday. The stock has a 50-day simple moving average of $211.38 and a 200 day simple moving average of $182.10. The stock has a market capitalization of $10.58 billion, a P/E ratio of -1,125.49, a PEG ratio of 29.04 and a beta of 0.75. 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 52 week low of $121.06 and a 52 week high of $244.89.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating 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 company had revenue of $10.87 billion during the quarter, compared to analysts' expectations of $10.83 billion. During the same period last year, the firm posted $5.48 earnings per share. The business's revenue was down 4.8% on a year-over-year basis. Analysts expect that Molina Healthcare, Inc will post 5.29 earnings per share for the current year.

Molina Healthcare Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.

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