Kentucky Retirement Systems Sells 55 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Kentucky Retirement Systems cut its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.3% in the fourth quarter, Holdings Channel reports. The fund owned 4,027 shares of the company’s stock after selling 55 shares during the period. Kentucky Retirement Systems’ holdings in Molina Healthcare were worth $1,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning lifted its holdings in Molina Healthcare by 2.7% during the 3rd quarter. Creative Planning now owns 8,454 shares of the company’s stock valued at $2,913,000 after purchasing an additional 226 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Molina Healthcare by 84.9% in the 3rd quarter. Blue Trust Inc. now owns 479 shares of the company’s stock worth $165,000 after acquiring an additional 220 shares in the last quarter. Raymond James & Associates grew its position in Molina Healthcare by 59.9% during the 3rd quarter. Raymond James & Associates now owns 42,298 shares of the company’s stock worth $14,574,000 after acquiring an additional 15,840 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Molina Healthcare by 11.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,195 shares of the company’s stock valued at $412,000 after purchasing an additional 124 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in Molina Healthcare in the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Down 2.6 %

Shares of Molina Healthcare stock opened at $283.89 on Monday. The stock has a market cap of $15.76 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $423.92. The business has a fifty day simple moving average of $293.21 and a 200 day simple moving average of $314.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Research analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on MOH. Barclays decreased their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Truist Financial decreased their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company boosted their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $353.17.

Molina Healthcare Profile

Molina Healthcare, Inc provides managed healthcare 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. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.