New York State Teachers Retirement System Reduces Holdings in Molina Healthcare, Inc. (NYSE:MOH)

New York State Teachers Retirement System lessened its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 9.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 52,352 shares of the company's stock after selling 5,726 shares during the period. New York State Teachers Retirement System owned about 0.09% of Molina Healthcare worth $18,038,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOH. Innealta Capital LLC purchased a new position in shares of Molina Healthcare in the second quarter valued at approximately $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Molina Healthcare during the second quarter worth $40,000. AM Squared Ltd acquired a new stake in shares of Molina Healthcare in the second quarter valued at $59,000. UMB Bank n.a. boosted its holdings in Molina Healthcare by 96.2% in the third quarter. UMB Bank n.a. now owns 206 shares of the company's stock valued at $71,000 after purchasing an additional 101 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in Molina Healthcare during the 1st quarter worth $151,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Performance

NYSE MOH traded up $5.53 on Friday, reaching $326.75. The stock had a trading volume of 601,396 shares, compared to its average volume of 528,871. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The stock has a market cap of $18.69 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The business's 50-day moving average price is $332.81 and its 200 day moving average price is $328.26. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. The firm had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. Molina Healthcare's revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.05 EPS. As a group, equities analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the sale, the chief accounting officer now directly owns 9,473 shares of the company's stock, valued at approximately $3,282,583.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MOH shares. Wells Fargo & Company lifted their price objective on Molina Healthcare from $315.00 to $360.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a "hold" rating on the stock in a research report on Monday, July 29th. Jefferies Financial Group reduced their price objective on shares of Molina Healthcare from $354.00 to $297.00 and set a "hold" rating on the stock in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $367.00.

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.