Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,551 shares of the company’s stock after purchasing an additional 307 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Molina Healthcare were worth $6,272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its position in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc grew its holdings in shares of Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in shares of Molina Healthcare in the 4th quarter worth approximately $52,000. Capital Performance Advisors LLP acquired a new stake in shares of Molina Healthcare in the 3rd quarter worth approximately $62,000. Finally, AM Squared Ltd grew its holdings in shares of Molina Healthcare by 50.0% in the 3rd quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MOH shares. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. UBS Group lowered their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company increased their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Barclays lowered 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $355.67.

Molina Healthcare Trading Down 1.3 %

Shares of Molina Healthcare stock opened at $268.65 on Wednesday. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $423.92. The firm has a market cap of $14.91 billion, a PE ratio of 13.15, a P/E/G ratio of 0.94 and a beta of 0.54. The business’s fifty day moving average is $294.57 and its two-hundred day moving average is $315.79. The company has a quick ratio of 1.55, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. Analysts anticipate that Molina Healthcare, Inc. will post 24.5 earnings per share for the current year.

Molina Healthcare Company 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.