Retirement Systems of Alabama Lowers Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Retirement Systems of Alabama trimmed its position in Molina Healthcare, Inc. (NYSE:MOH) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,741 shares of the company’s stock after selling 185 shares during the quarter. Retirement Systems of Alabama’s holdings in Molina Healthcare were worth $4,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOH. Innealta Capital LLC bought a new position in shares of Molina Healthcare in the second quarter worth approximately $36,000. True Wealth Design LLC lifted its stake in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Molina Healthcare in the 2nd quarter worth $40,000. AM Squared Ltd bought a new position in Molina Healthcare in the 2nd quarter worth $59,000. Finally, Capital Performance Advisors LLP purchased a new stake in Molina Healthcare in the 3rd quarter worth $62,000. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

MOH has been the topic of several research analyst reports. Robert W. Baird lowered their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a report on Tuesday. Wells Fargo & Company boosted 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. Finally, Barclays upped their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Molina Healthcare has a consensus rating of “Hold” and an average price target of $363.42.

Molina Healthcare Trading Down 1.0 %

Shares of NYSE MOH opened at $293.52 on Friday. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The business’s 50 day moving average is $307.34 and its two-hundred day moving average is $318.83. The stock has a market capitalization of $16.79 billion, a P/E ratio of 14.91, a PEG ratio of 1.03 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating the consensus estimate of $5.96 by $0.05. The firm had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.05 EPS. As a group, research analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

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.