Public Employees Retirement System of Ohio decreased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 17.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,816 shares of the company’s stock after selling 2,920 shares during the period. Public Employees Retirement System of Ohio’s holdings in Molina Healthcare were worth $950,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Molina Healthcare by 1.9% in the second quarter. Vanguard Group Inc. now owns 3,619,435 shares of the company’s stock worth $250,392,000 after purchasing an additional 66,206 shares in the last quarter. Tiedemann Wealth Management LLC increased its stake in shares of Molina Healthcare by 7.8% in the third quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after purchasing an additional 103,775 shares in the last quarter. Northern Trust Corp increased its stake in shares of Molina Healthcare by 14.5% in the second quarter. Northern Trust Corp now owns 900,946 shares of the company’s stock worth $62,328,000 after purchasing an additional 113,808 shares in the last quarter. Rothschild Asset Management Inc. increased its stake in shares of Molina Healthcare by 6.1% in the third quarter. Rothschild Asset Management Inc. now owns 706,683 shares of the company’s stock worth $48,592,000 after purchasing an additional 40,737 shares in the last quarter. Finally, Tavio Capital LLC increased its stake in shares of Molina Healthcare by 418.0% in the third quarter. Tavio Capital LLC now owns 537,192 shares of the company’s stock worth $36,937,000 after purchasing an additional 433,485 shares in the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

In other Molina Healthcare news, insider William Dentino sold 22,500 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $63.96, for a total transaction of $1,439,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeff D. Barlow sold 5,224 shares of Molina Healthcare stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $67.40, for a total transaction of $352,097.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 729,669 shares of company stock valued at $53,143,060. 6.20% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Morgan Stanley raised their price objective on shares of Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. ValuEngine lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Goldman Sachs Group assumed coverage on shares of Molina Healthcare in a research report on Wednesday. They issued a “neutral” rating and a $83.00 price objective for the company. Finally, Raymond James Financial restated a “hold” rating on shares of Molina Healthcare in a research report on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $67.03.

Molina Healthcare, Inc. (NYSE MOH) opened at $80.59 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. Molina Healthcare, Inc. has a 1 year low of $42.56 and a 1 year high of $80.74. The company has a market cap of $4,590.00, a P/E ratio of -15.29, a PEG ratio of 1.03 and a beta of 0.97.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($1.85). Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.95 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. analysts predict that Molina Healthcare, Inc. will post -3.88 EPS for the current fiscal year.

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About Molina Healthcare

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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