Algert Global LLC Acquires Shares of 37,528 Molina Healthcare, Inc. (NYSE:MOH)

Algert Global LLC bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 37,528 shares of the company's stock, valued at approximately $10,923,000. Algert Global LLC owned 0.07% of Molina Healthcare at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Versant Capital Management Inc boosted its holdings in shares of Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in Molina Healthcare in the 4th quarter valued at $52,000. Hurley Capital LLC acquired a new position in Molina Healthcare in the 4th quarter valued at $55,000. EverSource Wealth Advisors LLC increased its position in Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after buying an additional 88 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Molina Healthcare by 895.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company's stock worth $58,000 after buying an additional 179 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, CEO Joseph M. Zubretsky sold 87,500 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the sale, the chief executive officer now directly owns 257,715 shares of the company's stock, valued at $82,484,262.90. The trade was a 25.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard M. Schapiro sold 669 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total transaction of $214,414.50. Following the transaction, the director now directly owns 11,244 shares of the company's stock, valued at $3,603,702. The trade was a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,169 shares of company stock valued at $28,520,995 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Mizuho lifted their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Guggenheim initiated coverage on Molina Healthcare in a report on Wednesday, April 9th. They issued a "neutral" rating for the company. Finally, Sanford C. Bernstein assumed coverage on Molina Healthcare in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 target price for the company. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $365.38.

Molina Healthcare Stock Up 1.6 %

Shares of NYSE MOH opened at $318.04 on Friday. The stock has a 50-day moving average price of $322.25 and a two-hundred day moving average price of $307.17. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $365.23. 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 company has a market cap of $17.24 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, beating the consensus estimate of $5.96 by $0.12. The business had revenue of $11.15 billion during the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.73 EPS. As a group, analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Molina Healthcare Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.