Louisiana State Employees Retirement System Acquires Shares of 3,500 Molina Healthcare, Inc. (NYSE:MOH)

Louisiana State Employees Retirement System acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,500 shares of the company’s stock, valued at approximately $1,265,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Ritholtz Wealth Management lifted its stake in Molina Healthcare by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock valued at $585,000 after acquiring an additional 33 shares during the period. New York Life Investment Management LLC lifted its stake in Molina Healthcare by 0.4% during the 3rd quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock valued at $2,785,000 after acquiring an additional 36 shares during the period. Aptus Capital Advisors LLC lifted its stake in Molina Healthcare by 5.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock valued at $250,000 after acquiring an additional 36 shares during the period. Raleigh Capital Management Inc. lifted its stake in Molina Healthcare by 40.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock valued at $41,000 after acquiring an additional 36 shares during the period. Finally, Ballentine Partners LLC lifted its stake in Molina Healthcare by 1.4% during the 3rd quarter. Ballentine Partners LLC now owns 2,940 shares of the company’s stock valued at $964,000 after acquiring an additional 41 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

NYSE:MOH opened at $362.03 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54. The company has a fifty day moving average of $394.33 and a two-hundred day moving average of $371.60. The stock has a market capitalization of $21.21 billion, a PE ratio of 19.28, a P/E/G ratio of 1.03 and a beta of 0.47. Molina Healthcare, Inc. has a fifty-two week low of $266.35 and a fifty-two week high of $423.92.

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

Insider Transactions at Molina Healthcare

In other news, Director Richard M. Schapiro sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the sale, the director now owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Richard M. Schapiro sold 711 shares of the company’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 completion of the sale, the director now owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction of $401,050.00. Following the completion of the sale, the director now directly owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The disclosure for this sale can be found here. Insiders sold 16,711 shares of company stock valued at $6,472,517 over the last 90 days. 1.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MOH shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, April 4th. Truist Financial boosted their target price on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Bank of America cut shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price for the company. in a research note on Thursday, March 28th. Barclays started coverage on shares of Molina Healthcare in a research note on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 target price for the company. Finally, StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $393.09.

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.