Teachers Retirement System of The State of Kentucky Decreases Stake in Molina Healthcare, Inc. (NYSE:MOH)

Teachers Retirement System of The State of Kentucky cut its position in Molina Healthcare, Inc. (NYSE:MOH) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,382 shares of the company’s stock after selling 230 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Molina Healthcare were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MOH. State Street Corp boosted its position in shares of Molina Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock worth $900,787,000 after acquiring an additional 13,001 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Molina Healthcare by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock worth $282,343,000 after buying an additional 111,154 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Molina Healthcare by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock valued at $140,026,000 after buying an additional 84,929 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Molina Healthcare by 36.2% in the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after buying an additional 123,121 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Molina Healthcare by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock worth $134,405,000 after acquiring an additional 10,030 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $291.78 on Wednesday. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92. The company has a 50-day moving average price of $309.31 and a 200 day moving average price of $319.33. The company has a market cap of $16.69 billion, a P/E ratio of 14.82, a PEG ratio of 1.03 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same period last year, the firm earned $5.05 EPS. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. Research analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on MOH shares. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company increased their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Barclays raised their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. Finally, Robert W. Baird reduced their target price on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $363.42.

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.