New York State Teachers Retirement System Sells 2,461 Shares of Molina Healthcare, Inc. (NYSE:MOH)

New York State Teachers Retirement System cut its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,891 shares of the company's stock after selling 2,461 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Molina Healthcare worth $14,521,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. True Wealth Design LLC raised its stake in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc increased 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 purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in shares of Molina Healthcare during the fourth quarter valued at about $52,000. Capital Performance Advisors LLP acquired a new position in shares of Molina Healthcare during the third quarter valued at about $62,000. Finally, AM Squared Ltd lifted its stake in shares of Molina Healthcare by 50.0% in the third quarter. AM Squared Ltd now owns 300 shares of the company's stock valued at $103,000 after buying an additional 100 shares during the period. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Price Performance

Shares of MOH traded down $7.57 during trading hours on Friday, hitting $283.89. The stock had a trading volume of 1,063,437 shares, compared to its average volume of 698,492. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.05 and a beta of 0.54. The company's fifty day moving average is $293.21 and its two-hundred day moving average is $314.41. 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 (NYSE:MOH - Get Free Report) last announced its earnings results 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%. On average, analysts anticipate that Molina Healthcare, Inc. will post 24.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on MOH. StockNews.com cut Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 8th. Cantor Fitzgerald restated an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Stephens reiterated an "equal weight" rating and set a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, Truist Financial dropped their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $353.17.

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.