Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 64.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 93,718 shares of the company's stock after selling 172,429 shares during the period. California Public Employees Retirement System owned about 0.16% of Molina Healthcare worth $27,277,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Public Sector Pension Investment Board increased its stake in Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company's stock worth $871,000 after buying an additional 300 shares in the last quarter. Tributary Capital Management LLC boosted its stake in shares of Molina Healthcare by 76.1% in the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company's stock worth $1,219,000 after acquiring an additional 1,811 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Molina Healthcare during the fourth quarter worth approximately $544,000. Smartleaf Asset Management LLC raised its stake in Molina Healthcare by 123.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock valued at $100,000 after purchasing an additional 192 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in Molina Healthcare in the 4th quarter valued at $249,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Trading Down 3.0 %

NYSE:MOH traded down $10.32 during trading hours on Tuesday, reaching $330.06. 1,294,180 shares of the stock were exchanged, compared to its average volume of 647,622. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $383.58. The business has a 50-day moving average of $308.30 and a two-hundred day moving average of $308.03. The company has a market capitalization of $18.05 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.06 and a beta of 0.70. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

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Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, equities analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insider Activity

In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MOH shares. StockNews.com cut shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Truist Financial cut their price target on Molina Healthcare from $370.00 to $340.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. UBS Group reduced their price objective on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research report on Friday, February 7th. Finally, Mizuho dropped their target price on Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $348.75.

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.