State Board of Administration of Florida Retirement System Has $25.46 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

State Board of Administration of Florida Retirement System lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOHGet Rating) by 6.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 76,323 shares of the company’s stock after selling 5,107 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Molina Healthcare were worth $25,461,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Molina Healthcare by 0.9% during the 4th quarter. BlackRock Inc. now owns 5,343,327 shares of the company’s stock valued at $1,699,606,000 after purchasing an additional 45,382 shares during the last quarter. State Street Corp boosted its stake in Molina Healthcare by 1.6% during the 4th quarter. State Street Corp now owns 1,955,901 shares of the company’s stock valued at $622,133,000 after purchasing an additional 30,087 shares during the last quarter. Capital International Investors boosted its stake in Molina Healthcare by 1.8% during the 4th quarter. Capital International Investors now owns 1,155,000 shares of the company’s stock valued at $367,382,000 after purchasing an additional 20,907 shares during the last quarter. Geode Capital Management LLC boosted its stake in Molina Healthcare by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 824,233 shares of the company’s stock valued at $261,819,000 after purchasing an additional 36,654 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Molina Healthcare by 1.0% during the 4th quarter. Acadian Asset Management LLC now owns 743,829 shares of the company’s stock valued at $236,567,000 after purchasing an additional 7,544 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of analyst reports. Loop Capital initiated coverage on Molina Healthcare in a research note on Thursday, June 16th. They set a “hold” rating and a $310.00 price target for the company. Wells Fargo & Company dropped their target price on shares of Molina Healthcare from $308.00 to $301.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 25th. Cowen lifted their target price on shares of Molina Healthcare from $356.00 to $366.00 in a research report on Monday, May 2nd. Credit Suisse Group set a $321.00 target price on shares of Molina Healthcare in a research report on Tuesday, July 19th. Finally, Bank of America cut shares of Molina Healthcare from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $355.00 to $335.00 in a research report on Thursday, May 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $340.64.

Molina Healthcare Trading Up 0.5 %

NYSE:MOH opened at $324.91 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $18.88 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.13 and a beta of 0.85. The firm’s 50 day moving average is $287.92 and its 200 day moving average is $305.30. Molina Healthcare, Inc. has a 12 month low of $244.75 and a 12 month high of $350.19.

Molina Healthcare (NYSE:MOHGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.21. The company had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.69 billion. Molina Healthcare had a net margin of 2.48% and a return on equity of 32.97%. Molina Healthcare’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.40 EPS. Sell-side analysts expect that Molina Healthcare, Inc. will post 17.63 earnings per share for the current year.

Insider Activity at Molina Healthcare

In related news, EVP James Woys sold 25,000 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $328.11, for a total value of $8,202,750.00. Following the completion of the transaction, the executive vice president now directly owns 37,810 shares in the company, valued at approximately $12,405,839.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Dale B. Wolf sold 2,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $327.99, for a total value of $655,980.00. Following the completion of the transaction, the director now directly owns 11,824 shares in the company, valued at approximately $3,878,153.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Woys sold 25,000 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $328.11, for a total transaction of $8,202,750.00. Following the completion of the transaction, the executive vice president now owns 37,810 shares of the company’s stock, valued at $12,405,839.10. The disclosure for this sale can be found here. 1.49% of the stock is owned by company insiders.

Molina Healthcare Profile

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Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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