Kentucky Retirement Systems Insurance Trust Fund Lowers Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Kentucky Retirement Systems Insurance Trust Fund decreased its position in Molina Healthcare, Inc. (NYSE:MOH) by 8.2% during the third quarter, HoldingsChannel.com reports. The firm owned 1,735 shares of the company’s stock after selling 155 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Molina Healthcare were worth $598,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Empirical Finance LLC lifted its stake in shares of Molina Healthcare by 2.9% in the third quarter. Empirical Finance LLC now owns 3,011 shares of the company’s stock worth $1,037,000 after buying an additional 85 shares in the last quarter. Royce & Associates LP increased its position in shares of Molina Healthcare by 0.9% during the third quarter. Royce & Associates LP now owns 30,867 shares of the company’s stock valued at $10,636,000 after acquiring an additional 278 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Molina Healthcare by 8.3% in the 3rd quarter. CIBC Asset Management Inc now owns 8,537 shares of the company’s stock worth $2,942,000 after acquiring an additional 652 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in Molina Healthcare by 3.5% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,705 shares of the company’s stock valued at $587,000 after acquiring an additional 57 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of Molina Healthcare by 1.4% during the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after buying an additional 39 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Performance

NYSE MOH opened at $292.19 on Tuesday. 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, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The business has a 50 day simple moving average of $328.20 and a two-hundred day simple moving average of $325.54. The stock has a market capitalization of $16.71 billion, a PE ratio of 14.84, a P/E/G ratio of 1.01 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last posted 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 net margin of 2.92% and a return on equity of 27.88%. The firm had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same period in the previous year, the firm posted $5.05 EPS. The business’s quarterly revenue was up 21.0% on a year-over-year basis. On average, research analysts predict that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MOH has been the subject of a number of research reports. Stephens reiterated an “equal weight” rating and set a $320.00 target price on shares of Molina Healthcare in a research note on Thursday, July 25th. Jefferies Financial Group lowered their price objective on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Barclays upped their price target on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company increased their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Molina Healthcare has a consensus rating of “Moderate Buy” and a consensus price target of $367.17.

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.