Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 13.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,568 shares of the company’s stock after purchasing an additional 8,460 shares during the period. New York State Common Retirement Fund’s holdings in Molina Healthcare were worth $20,248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MOH. True Wealth Design LLC raised its holdings in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Versant Capital Management Inc raised its holdings in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after acquiring an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare in the 4th quarter valued at about $52,000. Capital Performance Advisors LLP acquired a new stake in Molina Healthcare in the 3rd quarter valued at about $62,000. Finally, Venturi Wealth Management LLC raised its holdings in Molina Healthcare by 482.4% in the 4th quarter. Venturi Wealth Management LLC now owns 297 shares of the company’s stock valued at $86,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $283.89 on Friday. The stock has a market cap of $15.76 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. The company has a fifty day simple moving average of $293.21 and a 200-day simple moving average of $314.24. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $423.92. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data 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 return on equity of 28.13% and a net margin of 2.90%. Equities analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stephens reiterated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. UBS Group lowered their price objective 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. 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. 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, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and a consensus price target of $353.17.

About Molina Healthcare

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.