Public Employees Retirement System of Ohio Invests $5.67 Million in Molina Healthcare, Inc. (NYSE:MOH)

Public Employees Retirement System of Ohio acquired a new stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,474 shares of the company's stock, valued at approximately $5,668,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Colonial Trust Co SC grew its position in shares of Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company's stock valued at $30,000 after buying an additional 93 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Molina Healthcare during the 4th quarter worth $52,000. Hurley Capital LLC purchased a new position in Molina Healthcare during the 4th quarter worth $55,000. EverSource Wealth Advisors LLC grew its position in Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after purchasing an additional 88 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock worth $58,000 after purchasing an additional 155 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

MOH traded up $1.55 during midday trading on Friday, reaching $305.42. 1,008,212 shares of the company's stock were exchanged, compared to its average volume of 686,529. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $16.55 billion, a PE ratio of 14.95, a P/E/G ratio of 1.06 and a beta of 0.63. The business's 50-day moving average price is $323.63 and its 200 day moving average price is $307.27. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.96 by $0.12. The company had revenue of $11.15 billion during the quarter, compared to analysts' expectations of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.73 earnings per share. As a group, equities analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. The trade was a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 257,715 shares of the company's stock, 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. Insiders sold a total of 89,169 shares of company stock worth $28,520,995 over the last ninety days. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group lowered their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Barclays raised their price objective on shares of Molina Healthcare from $339.00 to $362.00 and gave the stock an "equal weight" rating in a research report on Friday, April 25th. Guggenheim started coverage on shares of Molina Healthcare in a research note on Wednesday, April 9th. They issued a "neutral" rating for the company. Finally, Mizuho raised their target price on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 9th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $365.38.

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.