New York State Common Retirement Fund Purchases 8,460 Shares of Molina Healthcare, Inc. (NYSE:MOH)

New York State Common Retirement Fund lifted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 13.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 69,568 shares of the company's stock after acquiring an additional 8,460 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of Molina Healthcare worth $20,248,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC lifted its holdings in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company's stock worth $36,000 after acquiring an additional 100 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new position in shares of Molina Healthcare during the 4th quarter worth about $52,000. Capital Performance Advisors LLP bought a new position in shares of Molina Healthcare during the 3rd quarter worth about $62,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Molina Healthcare by 482.4% during the 4th quarter. Venturi Wealth Management LLC now owns 297 shares of the company's stock worth $86,000 after acquiring an additional 246 shares during the period. 98.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MOH. Stephens reiterated an "equal weight" rating and set a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. UBS Group dropped their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company raised their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. StockNews.com cut shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 8th. Finally, Barclays lowered their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $353.17.

Molina Healthcare Trading Up 1.3 %

Shares of NYSE MOH traded up $3.81 during mid-day trading on Monday, hitting $287.62. The company's stock had a trading volume of 312,936 shares, compared to its average volume of 687,129. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. The company's fifty day simple moving average is $293.21 and its 200-day simple moving average is $314.10.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Molina Healthcare Company 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.