Arizona State Retirement System Buys 231 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Arizona State Retirement System lifted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,020 shares of the company’s stock after acquiring an additional 231 shares during the period. Arizona State Retirement System’s holdings in Molina Healthcare were worth $4,954,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Waldron Private Wealth LLC boosted its holdings in shares of Molina Healthcare by 4.7% in the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock worth $212,000 after acquiring an additional 33 shares during the period. WCM Investment Management LLC boosted its holdings in shares of Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock worth $369,000 after acquiring an additional 36 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Molina Healthcare by 1.4% in the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock worth $960,000 after acquiring an additional 39 shares during the period. Caprock Group LLC boosted its holdings in shares of Molina Healthcare by 3.3% in the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after acquiring an additional 47 shares during the period. Finally, Bank of Hawaii boosted its stake in Molina Healthcare by 4.6% during the third quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock valued at $422,000 after buying an additional 54 shares during the period. 98.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on MOH. Truist Financial dropped their price objective on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Stephens reissued an “equal weight” rating and set a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. UBS Group dropped their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $295.00 to $372.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $355.69.

Molina Healthcare Trading Up 1.0 %

NYSE MOH opened at $327.11 on Friday. The stock’s 50-day simple moving average is $295.28 and its two-hundred day simple moving average is $311.91. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.