Arizona State Retirement System boosted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 33.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,854 shares of the company’s stock after purchasing an additional 10,878 shares during the quarter. Arizona State Retirement System owned about 0.07% of Molina Healthcare worth $6,521,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in MOH. Advisors Asset Management Inc. raised its position in Molina Healthcare by 2,264.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 93,813 shares of the company’s stock valued at $118,000 after purchasing an additional 89,845 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in Molina Healthcare in the 2nd quarter valued at $165,000. Contravisory Investment Management Inc. purchased a new stake in Molina Healthcare in the 2nd quarter valued at $166,000. Alpha Cubed Investments LLC purchased a new stake in Molina Healthcare in the 3rd quarter valued at $200,000. Finally, Zeke Capital Advisors LLC purchased a new stake in Molina Healthcare in the 2nd quarter valued at $206,000.
MOH has been the subject of several research reports. Zacks Investment Research upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research report on Friday, August 3rd. SunTrust Banks upped their price target on shares of Molina Healthcare to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Barclays upped their price target on shares of Molina Healthcare from $105.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, August 2nd. Jefferies Financial Group downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research report on Friday, October 12th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $130.62.
Shares of Molina Healthcare stock opened at $124.72 on Tuesday. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 222.71, a PEG ratio of 1.33 and a beta of 1.52. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.78. Molina Healthcare, Inc. has a one year low of $71.07 and a one year high of $154.06.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $2.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.90. The company had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.72 billion. Molina Healthcare had a net margin of 1.27% and a return on equity of 30.50%. Molina Healthcare’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.62) EPS. On average, equities research analysts forecast that Molina Healthcare, Inc. will post 7.1 earnings per share for the current year.
In other news, insider James Woys acquired 25,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was bought at an average price of $148.79 per share, for a total transaction of $3,719,750.00. Following the transaction, the insider now owns 17,203 shares in the company, valued at $2,559,634.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Cooperman sold 943 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $133.81, for a total transaction of $126,182.83. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,717 shares of company stock valued at $1,289,932. 0.65% of the stock is owned by insiders.
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Molina Healthcare Profile
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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