Strs Ohio Invests $2.23 Million in Molina Healthcare, Inc. (NYSE:MOH)

Strs Ohio acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,170 shares of the company's stock, valued at approximately $2,229,000.

Several other large investors have also bought and sold shares of the company. Ritholtz Wealth Management boosted its position in Molina Healthcare by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company's stock valued at $585,000 after acquiring an additional 33 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Molina Healthcare by 0.5% in the 2nd quarter. Captrust Financial Advisors now owns 6,315 shares of the company's stock worth $1,766,000 after purchasing an additional 33 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of Molina Healthcare by 0.4% in the 3rd quarter. New York Life Investment Management LLC now owns 8,495 shares of the company's stock worth $2,785,000 after purchasing an additional 36 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of Molina Healthcare by 5.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company's stock worth $250,000 after purchasing an additional 36 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in shares of Molina Healthcare by 40.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company's stock worth $41,000 after purchasing an additional 36 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Richard M. Schapiro sold 711 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the sale, the director now owns 12,207 shares of the company's stock, valued at approximately $4,688,220.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Richard M. Schapiro sold 1,000 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the sale, the director now owns 11,207 shares of the company's stock, valued at approximately $4,494,567.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard M. Schapiro sold 711 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the sale, the director now directly owns 12,207 shares of the company's stock, valued at approximately $4,688,220.42. The disclosure for this sale can be found here. Insiders sold a total of 16,711 shares of company stock valued at $6,472,517 in the last 90 days. Company insiders own 1.10% of the company's stock.

Molina Healthcare Stock Performance

MOH traded up $6.58 during mid-day trading on Friday, reaching $367.52. 425,243 shares of the company traded hands, compared to its average volume of 362,947. The stock has a market capitalization of $21.53 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.01 and a beta of 0.47. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. The company's fifty day moving average price is $394.33 and its 200-day moving average price is $370.95. Molina Healthcare, Inc. has a 52-week low of $266.35 and a 52-week high of $423.92.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MOH. Bank of America cut Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 price target on the stock. in a research report on Thursday, March 28th. Barclays initiated coverage on Molina Healthcare in a research report on Wednesday, March 6th. They issued an "equal weight" rating and a $437.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of Molina Healthcare from $440.00 to $410.00 and set an "equal weight" rating for the company in a report on Monday, April 15th. Cantor Fitzgerald restated an "overweight" rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, April 4th. Finally, Truist Financial boosted their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Molina Healthcare presently has a consensus rating of "Hold" and a consensus price target of $393.09.

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.