State of Alaska Department of Revenue Reduces Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

State of Alaska Department of Revenue lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 33.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,950 shares of the company’s stock after selling 5,421 shares during the period. State of Alaska Department of Revenue’s holdings in Molina Healthcare were worth $3,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board lifted its holdings in shares of Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after buying an additional 300 shares during the period. CWM LLC raised its position in Molina Healthcare by 76.2% during the third quarter. CWM LLC now owns 4,001 shares of the company’s stock valued at $1,379,000 after acquiring an additional 1,730 shares in the last quarter. Tributary Capital Management LLC lifted its holdings in Molina Healthcare by 76.1% in the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock valued at $1,219,000 after acquiring an additional 1,811 shares during the period. Everence Capital Management Inc. purchased a new stake in Molina Healthcare in the 4th quarter worth approximately $544,000. Finally, SYM FINANCIAL Corp purchased a new position in shares of Molina Healthcare during the 4th quarter valued at approximately $249,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MOH shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Stephens reaffirmed an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a report on Thursday. UBS Group dropped their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Wells Fargo & Company upped their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $355.67.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $283.92 on Monday. The company has a fifty day simple moving average of $298.27 and a 200-day simple moving average of $318.54. The firm has a market capitalization of $16.24 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.94 and a beta of 0.54. 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, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, equities analysts anticipate that Molina Healthcare, Inc. will post 24.5 EPS for the current fiscal year.

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.