Oregon Public Employees Retirement Fund Has $1.43 Million Stake in Molina Healthcare, Inc. (NYSE:MOH)

Oregon Public Employees Retirement Fund trimmed its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,921 shares of the company’s stock after selling 114 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Molina Healthcare were worth $1,432,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Waldron Private Wealth LLC boosted its position in Molina Healthcare by 4.7% in the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after buying an additional 33 shares during the last quarter. WCM Investment Management LLC boosted its position in Molina Healthcare by 3.4% in the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after buying an additional 36 shares during the last quarter. Metis Global Partners LLC boosted its position in Molina Healthcare by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after buying an additional 39 shares during the last quarter. Caprock Group LLC boosted its position in Molina Healthcare by 3.3% in the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after buying an additional 47 shares during the last quarter. Finally, Bank of Hawaii boosted its position in Molina Healthcare by 4.6% in the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock valued at $422,000 after buying an additional 54 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

MOH stock opened at $301.45 on Friday. The business’s 50-day moving average price is $293.12 and its two-hundred day moving average price is $313.19. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market cap of $16.73 billion, a PE ratio of 14.76, a P/E/G ratio of 1.06 and a beta of 0.54. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, research analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on MOH. Truist Financial decreased their price objective on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Barclays decreased their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. 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 research report on Monday, November 4th. UBS Group reduced their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Finally, StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $353.17.

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.