Molina Healthcare, Inc $MOH Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in Molina Healthcare, Inc (NYSE:MOH) by 35.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,557 shares of the company’s stock after purchasing an additional 36,831 shares during the period. New York State Common Retirement Fund’s holdings in Molina Healthcare were worth $26,706,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake in Molina Healthcare by 2,140.0% in the second quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 107 shares during the last quarter. Bogart Wealth LLC acquired a new stake in shares of Molina Healthcare in the 3rd quarter worth about $39,000. CYBER HORNET ETFs LLC bought a new stake in Molina Healthcare in the 2nd quarter valued at about $45,000. MUFG Securities EMEA plc acquired a new position in Molina Healthcare during the 2nd quarter valued at about $48,000. Finally, SJS Investment Consulting Inc. grew its position in Molina Healthcare by 6,225.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 253 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Trading Down 3.1%

Shares of MOH stock opened at $179.28 on Friday. The stock has a 50-day simple moving average of $170.99 and a 200 day simple moving average of $171.61. The stock has a market capitalization of $9.72 billion, a P/E ratio of 11.10 and a beta of 0.49. Molina Healthcare, Inc has a fifty-two week low of $133.40 and a fifty-two week high of $359.97. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MOH. Barclays lifted their price target on Molina Healthcare from $144.00 to $164.00 and gave the company an “underweight” rating in a report on Monday, January 5th. Cantor Fitzgerald reduced their price target on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Wall Street Zen lowered Molina Healthcare from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. UBS Group cut their price objective on shares of Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft set a $165.00 target price on shares of Molina Healthcare in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $193.47.

Insider Buying and Selling at Molina Healthcare

In other news, Director Richard M. Schapiro sold 357 shares of Molina Healthcare stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $143.02, for a total value of $51,058.14. Following the transaction, the director owned 11,352 shares of the company’s stock, valued at $1,623,563.04. The trade was a 3.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Company Profile

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.