Forte Capital LLC ADV Purchases 4,236 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Forte Capital LLC ADV grew its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 42.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,133 shares of the company's stock after acquiring an additional 4,236 shares during the quarter. Forte Capital LLC ADV's holdings in Molina Healthcare were worth $5,106,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MOH. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Molina Healthcare during the third quarter worth about $30,000. McIlrath & Eck LLC bought a new position in shares of Molina Healthcare during the fourth quarter worth about $34,000. VisionPoint Advisory Group LLC grew its holdings in shares of Molina Healthcare by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company's stock worth $36,000 after buying an additional 57 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company's stock worth $41,000 after buying an additional 36 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Molina Healthcare by 3,933.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company's stock worth $43,000 after buying an additional 118 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Performance

Shares of MOH traded up $0.13 during mid-day trading on Friday, reaching $339.68. The company's stock had a trading volume of 374,606 shares, compared to its average volume of 447,121. Molina Healthcare, Inc. has a 1-year low of $266.35 and a 1-year high of $423.92. The stock has a market cap of $19.91 billion, a P/E ratio of 18.43, a PEG ratio of 1.04 and a beta of 0.54. The business has a 50-day simple moving average of $384.15 and a two-hundred day simple moving average of $371.92. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.46 by $0.27. The company had revenue of $9.93 billion during the quarter, compared to analysts' expectations of $9.45 billion. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The business's revenue was up 21.9% on a year-over-year basis. During the same period last year, the firm posted $5.81 earnings per share. As a group, equities research analysts anticipate that Molina Healthcare, Inc. will post 23.59 earnings per share for the current fiscal year.

Insider Transactions at Molina Healthcare

In related news, Director Richard M. Schapiro sold 1,000 shares of the firm's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now directly owns 11,207 shares of the company's stock, valued at $4,494,567.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Mark Lowell Keim sold 15,000 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were 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 directly owns 36,531 shares of the company's stock, valued at $14,121,423.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard M. Schapiro sold 1,000 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,711 shares of company stock valued at $6,472,517. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on MOH shares. StockNews.com downgraded Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 8th. Cantor Fitzgerald restated an "overweight" rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, April 4th. Stephens restated an "equal weight" rating and issued a $390.00 price target on shares of Molina Healthcare in a research note on Thursday, April 25th. Barclays decreased their price target on 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. Finally, Bank of America downgraded Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 price target for the company. in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $398.55.

About Molina Healthcare

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.