New Mexico Educational Retirement Board lessened its stake in shares of Molina Healthcare, Inc. (NYSE:MOH – Free Report) by 3.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,700 shares of the company’s stock after selling 100 shares during the period. New Mexico Educational Retirement Board’s holdings in Molina Healthcare were worth $722,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Coppell Advisory Solutions Corp. bought a new position in Molina Healthcare during the 4th quarter valued at about $34,000. ST Germain D J Co. Inc. purchased a new stake in shares of Molina Healthcare in the fourth quarter worth approximately $36,000. Brown Brothers Harriman & Co. bought a new stake in shares of Molina Healthcare during the 1st quarter worth approximately $40,000. Parkside Financial Bank & Trust boosted its holdings in Molina Healthcare by 85.9% during the 1st quarter. Parkside Financial Bank & Trust now owns 132 shares of the company’s stock valued at $44,000 after acquiring an additional 61 shares during the period. Finally, Zions Bancorporation N.A. bought a new position in Molina Healthcare in the 1st quarter valued at $59,000. 95.09% of the stock is currently owned by institutional investors.
Molina Healthcare Price Performance
Shares of NYSE MOH opened at $304.55 on Tuesday. Molina Healthcare, Inc. has a fifty-two week low of $256.19 and a fifty-two week high of $374.00. The company has a market cap of $17.75 billion, a PE ratio of 19.30, a P/E/G ratio of 1.08 and a beta of 0.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.52 and a current ratio of 1.52. The business has a 50-day simple moving average of $291.99 and a two-hundred day simple moving average of $288.92.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on MOH shares. UBS Group began coverage on shares of Molina Healthcare in a research note on Tuesday, June 20th. They set a “neutral” rating and a $310.00 target price for the company. Credit Suisse Group raised their target price on shares of Molina Healthcare from $347.00 to $350.00 in a research report on Friday, April 28th. Morgan Stanley restated an “overweight” rating and set a $365.00 price objective on shares of Molina Healthcare in a report on Friday, July 14th. Cantor Fitzgerald assumed coverage on Molina Healthcare in a research report on Thursday, April 20th. They set an “overweight” rating and a $354.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on Molina Healthcare from $348.00 to $341.00 in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Molina Healthcare presently has an average rating of “Moderate Buy” and an average price target of $350.92.
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.
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