New York State Teachers Retirement System Cuts Holdings in Molina Healthcare, Inc. (NYSE:MOH)

New York State Teachers Retirement System cut its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,269 shares of the company's stock after selling 3,291 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Molina Healthcare worth $22,137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG grew its holdings in Molina Healthcare by 1.5% during the 3rd quarter. Deutsche Bank AG now owns 258,441 shares of the company's stock valued at $84,740,000 after buying an additional 3,754 shares in the last quarter. Invesco Ltd. grew its stake in Molina Healthcare by 10.4% during the third quarter. Invesco Ltd. now owns 1,190,161 shares of the company's stock valued at $390,242,000 after acquiring an additional 112,243 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Molina Healthcare by 4,019.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company's stock worth $37,282,000 after acquiring an additional 100,680 shares during the period. DNB Asset Management AS lifted its stake in Molina Healthcare by 20.7% in the 4th quarter. DNB Asset Management AS now owns 42,852 shares of the company's stock worth $15,483,000 after purchasing an additional 7,346 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Molina Healthcare by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 74,056 shares of the company's stock valued at $24,282,000 after purchasing an additional 376 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the completion of the transaction, the chief financial officer now directly owns 36,531 shares of the company's stock, valued at approximately $14,121,423.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Richard M. Schapiro sold 1,000 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the transaction, the chief financial officer now directly owns 36,531 shares of the company's stock, valued at approximately $14,121,423.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,711 shares of company stock worth $6,472,517. Corporate insiders own 1.11% of the company's stock.

Molina Healthcare Trading Up 1.3 %

MOH opened at $381.76 on Tuesday. Molina Healthcare, Inc. has a one year low of $266.35 and a one year high of $423.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54. The business has a 50 day simple moving average of $393.22 and a two-hundred day simple moving average of $369.26. The firm has a market capitalization of $22.36 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.06 and a beta of 0.47.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.31 by $0.07. The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. Molina Healthcare's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.10 earnings per share. Analysts predict that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on MOH. Bank of America lowered shares of Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 target price for the company. in a research report on Thursday, March 28th. StockNews.com cut Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 8th. Cantor Fitzgerald restated an "overweight" rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, April 4th. Barclays initiated coverage on Molina Healthcare in a report on Wednesday, March 6th. They issued an "equal weight" rating and a $437.00 price objective for the company. Finally, UBS Group boosted their target price on Molina Healthcare from $350.00 to $380.00 and gave the stock a "neutral" rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $395.82.

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.