Public Employees Retirement System of Ohio Makes New $3.66 Million Investment in Molina Healthcare, Inc $MOH

Public Employees Retirement System of Ohio acquired a new position in shares of Molina Healthcare, Inc (NYSE:MOH) in the second quarter, HoldingsChannel reports. The institutional investor acquired 16,018 shares of the company’s stock, valued at approximately $3,663,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Molina Healthcare during the 2nd quarter worth approximately $1,503,052,000. AQR Capital Management LLC grew its holdings in Molina Healthcare by 217.0% in the 3rd quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company’s stock valued at $561,475,000 after buying an additional 2,008,458 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Molina Healthcare by 10.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,171,433 shares of the company’s stock worth $376,831,000 after buying an additional 201,772 shares during the period. Invesco Ltd. increased its position in Molina Healthcare by 24.2% during the 4th quarter. Invesco Ltd. now owns 1,690,981 shares of the company’s stock worth $293,453,000 after buying an additional 329,679 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Molina Healthcare by 46.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,410,604 shares of the company’s stock worth $244,796,000 after buying an additional 447,078 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MOH. Truist Financial decreased their price target on shares of Molina Healthcare from $250.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Mizuho set a $215.00 price objective on shares of Molina Healthcare in a report on Monday, June 8th. UBS Group increased their target price on shares of Molina Healthcare from $180.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Molina Healthcare in a report on Friday, July 24th. Finally, Royal Bank Of Canada dropped their price target on shares of Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating for the company in a research report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $202.44.

Molina Healthcare Trading Down 0.0%

MOH opened at $202.60 on Friday. Molina Healthcare, Inc has a twelve month low of $121.06 and a twelve month high of $244.89. The company has a 50-day simple moving average of $211.38 and a 200 day simple moving average of $182.10. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of -1,125.49, a P/E/G ratio of 29.04 and a beta of 0.75.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the firm earned $5.48 EPS. Analysts predict that Molina Healthcare, Inc will post 5.29 EPS for the current fiscal year.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.