Molina Healthcare, Inc $MOH Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System grew its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 23,008.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,816,682 shares of the company’s stock after buying an additional 13,756,891 shares during the quarter. California State Teachers Retirement System owned approximately 0.26% of Molina Healthcare worth $3,159,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MOH. Baird Financial Group Inc. acquired a new position in Molina Healthcare in the first quarter valued at $210,000. NewEdge Advisors LLC increased its stake in Molina Healthcare by 33.4% during the first quarter. NewEdge Advisors LLC now owns 1,106 shares of the company’s stock worth $364,000 after acquiring an additional 277 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Molina Healthcare by 713.3% during the first quarter. Jones Financial Companies Lllp now owns 1,651 shares of the company’s stock worth $544,000 after acquiring an additional 1,448 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Molina Healthcare by 19.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,466 shares of the company’s stock worth $82,172,000 after purchasing an additional 40,531 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of Molina Healthcare in the 1st quarter worth about $1,541,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MOH shares. Sanford C. Bernstein set a $286.00 price objective on Molina Healthcare in a research note on Monday, July 13th. Barclays dropped their target price on shares of Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating for the company in a research report on Friday, July 24th. TD Cowen raised their price target on shares of Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Morgan Stanley boosted their price objective on shares of Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Molina Healthcare in a research report on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $202.44.

Molina Healthcare Trading Up 3.3%

Shares of MOH opened at $200.49 on Friday. The stock’s 50-day moving average is $208.26 and its two-hundred day moving average is $184.07. The stock has a market cap of $10.47 billion, a PE ratio of -1,113.77, a P/E/G ratio of 27.82 and a beta of 0.75. Molina Healthcare, Inc has a 12 month low of $121.06 and a 12 month high of $244.89. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The company had revenue of $10.87 billion during the quarter, compared to the consensus estimate of $10.83 billion. During the same quarter in the prior year, the business earned $5.48 earnings per share. The company’s revenue was down 4.8% compared to the same quarter last year. Equities analysts forecast that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed care company that provides health insurance and related services through government-sponsored programs. Its primary lines of business include Medicaid, Medicare, and Affordable Care Act Marketplace plans, with a focus on serving low-income individuals, families, seniors, and people with complex medical needs.

The company offers health plans that coordinate medical, behavioral health, pharmacy, and other care services through contracted provider networks.