Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 4.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 34,412 shares of the company’s stock after buying an additional 1,421 shares during the period. Illinois Municipal Retirement Fund’s holdings in Molina Healthcare were worth $10,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Private Advisor Group LLC purchased a new stake in Molina Healthcare during the 3rd quarter worth $215,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Molina Healthcare by 27.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,039 shares of the company’s stock worth $1,723,000 after purchasing an additional 1,084 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Molina Healthcare by 9.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,706 shares of the company’s stock worth $932,000 after purchasing an additional 242 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Molina Healthcare by 2.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 96,080 shares of the company’s stock worth $32,646,000 after buying an additional 2,112 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Molina Healthcare in the third quarter valued at about $286,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $307.14 on Wednesday. The stock has a market capitalization of $17.05 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.06 and a beta of 0.54. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. The company’s 50-day simple moving average is $293.36 and its 200-day simple moving average is $313.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH) last released its earnings results 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 return on equity of 28.13% and a net margin of 2.90%. Equities analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on MOH. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. Stephens reissued an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. Truist Financial decreased their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, UBS Group decreased their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $353.17.

About Molina Healthcare

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.