California State Teachers Retirement System Has $7.97 Million Holdings in Molina Healthcare, Inc $MOH

California State Teachers Retirement System lifted its position in Molina Healthcare, Inc (NYSE:MOH) by 17.1% in the first quarter, HoldingsChannel.com reports. The firm owned 59,791 shares of the company’s stock after acquiring an additional 8,723 shares during the period. California State Teachers Retirement System’s holdings in Molina Healthcare were worth $7,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in Molina Healthcare by 81.5% during the first quarter. Empowered Funds LLC now owns 40,420 shares of the company’s stock valued at $5,388,000 after purchasing an additional 18,152 shares in the last quarter. Maverick Capital Ltd. bought a new position in Molina Healthcare in the first quarter valued at about $86,081,000. Quantinno Capital Management LP lifted its stake in Molina Healthcare by 43.1% in the 1st quarter. Quantinno Capital Management LP now owns 61,495 shares of the company’s stock valued at $8,197,000 after acquiring an additional 18,511 shares in the last quarter. Delta Global Management LP bought a new position in shares of Molina Healthcare in the 1st quarter valued at about $457,000. Finally, Waverly Advisors LLC acquired a new stake in Molina Healthcare during the first quarter worth approximately $595,000. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $191.29 on Wednesday. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of -1,062.69, a PEG ratio of 27.90 and a beta of 0.75. Molina Healthcare, Inc has a 52-week low of $121.06 and a 52-week high of $244.89. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The stock’s 50 day moving average price is $208.17 and its two-hundred day moving average price is $177.67.

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

Analyst Ratings Changes

MOH has been the subject of several recent analyst reports. Cantor Fitzgerald restated a “neutral” rating on shares of Molina Healthcare in a research note on Friday, July 24th. Barclays dropped their price objective on Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating for the company in a research report on Friday, July 24th. Wells Fargo & Company decreased their target price on Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 28th. Mizuho set a $215.00 target price on shares of Molina Healthcare in a report on Monday, June 8th. Finally, Morgan Stanley lifted their price target on shares of Molina Healthcare from $146.00 to $167.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $202.44.

Insider Transactions at Molina Healthcare

In related news, CAO Maurice Hebert sold 600 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $191.55, for a total transaction of $114,930.00. Following the transaction, the chief accounting officer directly owned 12,815 shares in the company, valued at approximately $2,454,713.25. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeff D. Barlow sold 17,811 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $186.12, for a total value of $3,314,983.32. Following the sale, the insider directly owned 67,175 shares of the company’s stock, valued at $12,502,611. The trade was a 20.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.44% of the stock is owned by company insiders.

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.