Oregon Public Employees Retirement Fund Has $1.50 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Oregon Public Employees Retirement Fund raised its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,059 shares of the company’s stock after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Molina Healthcare were worth $1,504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in shares of Molina Healthcare by 516.4% during the 1st quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock worth $4,206,000 after buying an additional 8,577 shares during the last quarter. BlackBarn Capital Partners LP acquired a new stake in shares of Molina Healthcare in the 4th quarter valued at approximately $15,139,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Molina Healthcare by 69.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,809 shares of the company’s stock valued at $4,851,000 after purchasing an additional 4,840 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Molina Healthcare by 76.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 27,301 shares of the company’s stock worth $9,864,000 after purchasing an additional 11,820 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Molina Healthcare by 5.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,208 shares of the company’s stock valued at $1,159,000 after purchasing an additional 167 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MOH. JPMorgan Chase & Co. lowered their price target on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Jefferies Financial Group lowered their target price on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. TD Cowen cut their price target on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird initiated coverage on Molina Healthcare in a report on Thursday, May 30th. They set an “outperform” rating and a $405.00 price target on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $378.00.

Insider Activity

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total value of $339,210.00. Following the completion of the sale, the director now directly owns 18,025 shares of the company’s stock, valued at $6,114,260.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Maurice Hebert sold 393 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now directly owns 9,473 shares in the company, valued at approximately $3,282,583.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the sale, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Molina Healthcare Price Performance

MOH stock opened at $327.48 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $324.36 and its 200 day simple moving average is $346.54. Molina Healthcare, Inc. has a 12-month low of $282.96 and a 12-month high of $423.92. The firm has a market cap of $19.19 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.22 and a beta of 0.57.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, beating the consensus estimate of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the prior year, the company earned $5.65 EPS. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, analysts expect that Molina Healthcare, Inc. will post 23.5 earnings per share for the current 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.