New York State Common Retirement Fund Cuts Position in Molina Healthcare, Inc. (NYSE:MOH)

New York State Common Retirement Fund lowered its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 6.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 61,108 shares of the company's stock after selling 4,179 shares during the period. New York State Common Retirement Fund owned approximately 0.10% of Molina Healthcare worth $21,055,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Custom Index Systems LLC grew its position in shares of Molina Healthcare by 5.0% in the second quarter. Custom Index Systems LLC now owns 690 shares of the company's stock valued at $205,000 after purchasing an additional 33 shares during the last quarter. AlphaMark Advisors LLC increased its position in Molina Healthcare by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company's stock worth $1,053,000 after buying an additional 40 shares during the period. Oliver Luxxe Assets LLC lifted its holdings in shares of Molina Healthcare by 1.3% during the third quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company's stock worth $1,526,000 after buying an additional 55 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Molina Healthcare by 0.4% in the second quarter. Arizona State Retirement System now owns 16,092 shares of the company's stock valued at $4,784,000 after acquiring an additional 57 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Molina Healthcare by 1.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,942 shares of the company's stock valued at $2,047,000 after acquiring an additional 61 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the business's 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.11% of the stock is owned by insiders.

Molina Healthcare Trading Up 0.8 %

Shares of NYSE:MOH traded up $2.73 during mid-day trading on Tuesday, hitting $333.39. The company had a trading volume of 442,962 shares, compared to its average volume of 528,970. The firm has a fifty day moving average price of $332.47 and a 200 day moving average price of $327.62. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. The company has a market capitalization of $19.07 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.13 and a beta of 0.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55.

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

Analyst Ratings Changes

Several brokerages have weighed in on MOH. StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Barclays boosted their price target on Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Jefferies Financial Group lowered their price objective on Molina Healthcare from $354.00 to $297.00 and set a "hold" rating on the stock in a research note on Wednesday, July 24th. Truist Financial cut their target price on Molina Healthcare from $440.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, July 15th. Finally, Robert W. Baird decreased their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $367.17.

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.