Strs Ohio Purchases Shares of 6,170 Molina Healthcare, Inc. (NYSE:MOH)

Strs Ohio acquired a new position in Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,170 shares of the company’s stock, valued at approximately $2,229,000.

A number of other large investors also recently modified their holdings of the stock. Ritholtz Wealth Management raised its position in Molina Healthcare by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock valued at $585,000 after buying an additional 33 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Molina Healthcare by 0.5% during the second quarter. Captrust Financial Advisors now owns 6,315 shares of the company’s stock valued at $1,766,000 after purchasing an additional 33 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in Molina Healthcare by 0.4% during the third quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock worth $2,785,000 after purchasing an additional 36 shares during the last quarter. Aptus Capital Advisors LLC grew its position in Molina Healthcare by 5.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock worth $250,000 after purchasing an additional 36 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its position in Molina Healthcare by 40.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Up 1.8 %

Shares of MOH opened at $367.52 on Friday. Molina Healthcare, Inc. has a fifty-two week low of $266.35 and a fifty-two week high of $423.92. The business has a 50-day moving average of $394.33 and a 200 day moving average of $370.95. The firm has a market cap of $21.53 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.01 and a beta of 0.47. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.31 by $0.07. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The firm had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter last year, the company earned $4.10 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. As a group, research analysts forecast that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the sale, the director now owns 12,207 shares of the company’s stock, valued at approximately $4,688,220.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the transaction, the director now owns 12,207 shares of the company’s stock, valued at approximately $4,688,220.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard M. Schapiro sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the sale, the director now owns 11,207 shares in the company, valued at $4,494,567.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,711 shares of company stock worth $6,472,517. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Truist Financial boosted their target price on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Bank of America downgraded Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective for the company. in a research note on Thursday, March 28th. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Wells Fargo & Company cut their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Molina Healthcare has an average rating of “Hold” and an average target price of $393.09.

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.