Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV cut its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 27.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,141 shares of the company's stock after selling 3,929 shares during the period. Forte Capital LLC ADV's holdings in Molina Healthcare were worth $2,952,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Creative Planning grew its stake in Molina Healthcare by 2.7% in the 3rd quarter. Creative Planning now owns 8,454 shares of the company's stock valued at $2,913,000 after acquiring an additional 226 shares during the period. Bleakley Financial Group LLC grew its stake in Molina Healthcare by 26.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 888 shares of the company's stock valued at $306,000 after acquiring an additional 183 shares during the period. Blue Trust Inc. grew its position in shares of Molina Healthcare by 84.9% in the third quarter. Blue Trust Inc. now owns 479 shares of the company's stock valued at $165,000 after purchasing an additional 220 shares during the period. Raymond James & Associates grew its position in shares of Molina Healthcare by 59.9% in the third quarter. Raymond James & Associates now owns 42,298 shares of the company's stock valued at $14,574,000 after purchasing an additional 15,840 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Molina Healthcare by 11.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,195 shares of the company's stock valued at $412,000 after purchasing an additional 124 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MOH has been the topic of several research analyst reports. Truist Financial lowered their price objective on Molina Healthcare from $370.00 to $340.00 and set a "buy" rating on the stock in a report on Wednesday. StockNews.com lowered Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 8th. Stephens reaffirmed an "equal weight" rating and issued a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, UBS Group lowered their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $353.17.

Molina Healthcare Trading Down 2.6 %

Shares of MOH traded down $7.57 during mid-day trading on Friday, reaching $283.89. The stock had a trading volume of 1,063,437 shares, compared to its average volume of 762,238. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The business's fifty day moving average is $293.21 and its 200 day moving average is $314.10. The firm has a market cap of $15.76 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.06 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly 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 net margin of 2.90% and a return on equity of 28.13%. On average, sell-side analysts predict that Molina Healthcare, Inc. will post 24.4 EPS 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.