Municipal Employees Retirement System of Michigan Buys Shares of 14,840 Molina Healthcare, Inc. (MOH) – Baseball Daily News
Municipal Employees Retirement System of Michigan purchased a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,840 shares of the company’s stock, valued at approximately $1,725,000.
A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc raised its holdings in Molina Healthcare by 14.0% during the third quarter. Vanguard Group Inc now owns 5,773,626 shares of the company’s stock valued at $858,538,000 after acquiring an additional 709,776 shares during the period. Renaissance Technologies LLC raised its holdings in Molina Healthcare by 33.2% during the third quarter. Renaissance Technologies LLC now owns 3,738,755 shares of the company’s stock valued at $555,953,000 after acquiring an additional 932,905 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Molina Healthcare by 15,114.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,861,453 shares of the company’s stock valued at $25,000 after acquiring an additional 2,842,645 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Molina Healthcare by 14.6% in the fourth quarter. Acadian Asset Management LLC now owns 1,153,036 shares of the company’s stock worth $134,010,000 after purchasing an additional 146,951 shares during the last quarter. Finally, Iridian Asset Management LLC CT increased its holdings in shares of Molina Healthcare by 43.5% in the fourth quarter. Iridian Asset Management LLC CT now owns 1,057,983 shares of the company’s stock worth $122,959,000 after purchasing an additional 320,543 shares during the last quarter.
In other Molina Healthcare news, Director Ronna Romney sold 200 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $132.72, for a total transaction of $26,544.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 600 shares of company stock valued at $76,788 in the last 90 days. Company insiders own 0.65% of the company’s stock.
Several brokerages have recently issued reports on MOH. Cowen began coverage on Molina Healthcare in a report on Thursday, February 28th. They issued a “market perform” rating on the stock.
ValuEngine raised Molina Healthcare from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Mitsubishi UFJ Financial Group raised Molina Healthcare from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 8th. JPMorgan Chase & Co. raised Molina Healthcare from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $127.00 to $150.00 in a report on Tuesday, January 8th. Finally, Morgan Stanley lifted their target price on Molina Healthcare from $180.00 to $192.00 and gave the stock an “overweight” rating in a report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Molina Healthcare presently has a consensus rating of “Hold” and a consensus target price of $141.77.
Shares of NYSE:MOH opened at $148.29 on Friday. Molina Healthcare, Inc. has a 1 year low of $74.26 and a 1 year high of $154.06. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.74.
Molina Healthcare (NYSE:MOH) last announced its earnings results on Monday, February 11th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $2.36. Molina Healthcare had a return on equity of 45.70% and a net margin of 3.74%. The business had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.56 billion. Analysts anticipate that Molina Healthcare, Inc. will post 9.89 EPS for the current fiscal year.
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Molina Healthcare Profile
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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