Teacher Retirement System of Texas Takes Position in Molina Healthcare, Inc (NYSE:MOH)

Teacher Retirement System of Texas bought a new stake in Molina Healthcare, Inc (NYSE:MOH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,376 shares of the company's stock, valued at approximately $2,759,000.

Several other institutional investors also recently modified their holdings of MOH. Farther Finance Advisors LLC grew its position in shares of Molina Healthcare by 100.3% in the 1st quarter. Farther Finance Advisors LLC now owns 659 shares of the company's stock valued at $216,000 after buying an additional 330 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $10,725,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Molina Healthcare during the 1st quarter valued at $1,070,000. US Bancorp DE boosted its stake in Molina Healthcare by 22.3% during the fourth quarter. US Bancorp DE now owns 1,993 shares of the company's stock worth $580,000 after acquiring an additional 364 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Molina Healthcare by 82.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,635 shares of the company's stock worth $5,150,000 after acquiring an additional 7,051 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Molina Healthcare

In related news, CEO Joseph M. Zubretsky sold 87,500 shares of the stock in a transaction dated 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 directly owned 257,715 shares of the company's stock, valued at approximately $82,484,262.90. This represents a 25.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard M. Schapiro sold 669 shares of the stock in a transaction dated 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 $3,603,702. This trade represents a 5.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Molina Healthcare Trading Up 2.6%

MOH stock opened at $237.09 on Thursday. The company has a market capitalization of $12.85 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.97 and a beta of 0.55. Molina Healthcare, Inc has a one year low of $227.68 and a one year high of $365.23. The company's 50 day moving average price is $296.92 and its two-hundred day moving average price is $304.21. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.63 and a current ratio of 1.63.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MOH. Robert W. Baird reissued a "neutral" rating and set a $375.00 target price (up from $331.00) on shares of Molina Healthcare in a research note on Tuesday, April 15th. Truist Financial upped their price objective on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Baird R W downgraded shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Mizuho upped their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday, April 9th. Finally, Sanford C. Bernstein began coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $364.21.

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.

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