Forte Capital LLC ADV Has $5.11 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

Forte Capital LLC ADV raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 42.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,133 shares of the company’s stock after buying an additional 4,236 shares during the quarter. Forte Capital LLC ADV’s holdings in Molina Healthcare were worth $5,106,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Wellington Management Group LLP grew its position in Molina Healthcare by 8.3% during the third quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock worth $1,113,200,000 after buying an additional 259,474 shares in the last quarter. FMR LLC grew its holdings in shares of Molina Healthcare by 1.0% during the 3rd quarter. FMR LLC now owns 2,175,796 shares of the company’s stock worth $713,422,000 after purchasing an additional 22,583 shares in the last quarter. Invesco Ltd. increased its position in shares of Molina Healthcare by 10.4% during the third quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock valued at $390,242,000 after purchasing an additional 112,243 shares during the period. Northern Trust Corp raised its stake in shares of Molina Healthcare by 5.6% in the third quarter. Northern Trust Corp now owns 604,431 shares of the company’s stock valued at $198,187,000 after purchasing an additional 31,786 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in Molina Healthcare by 28.5% in the third quarter. Lord Abbett & CO. LLC now owns 470,386 shares of the company’s stock worth $154,234,000 after purchasing an additional 104,350 shares during the period. 98.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MOH. Barclays dropped their price objective on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Truist Financial upped their price objective on Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Bank of America downgraded Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price for the company. in a research report on Thursday, March 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, April 4th. Finally, StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $398.55.

Insiders Place Their Bets

In related news, Director Richard M. Schapiro sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the sale, the director now owns 11,207 shares in the company, valued at $4,494,567.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the transaction, the chief financial officer now owns 36,531 shares in the company, valued at approximately $14,121,423.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Schapiro sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the sale, the director now directly owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,711 shares of company stock valued at $6,472,517. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Up 0.0 %

Shares of MOH stock traded up $0.13 on Friday, reaching $339.68. 374,606 shares of the stock were exchanged, compared to its average volume of 447,121. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49. Molina Healthcare, Inc. has a one year low of $266.35 and a one year high of $423.92. The stock has a market cap of $19.91 billion, a PE ratio of 18.43, a P/E/G ratio of 1.04 and a beta of 0.54. The stock has a 50 day moving average price of $384.15 and a 200 day moving average price of $371.84.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, topping the consensus estimate of $5.46 by $0.27. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The firm had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.45 billion. During the same period in the previous year, the business posted $5.81 EPS. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. Equities research analysts forecast that Molina Healthcare, Inc. will post 23.59 EPS for the current fiscal 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.