Forte Capital LLC ADV Sells 3,929 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Forte Capital LLC ADV reduced its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 27.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,141 shares of the company’s stock after selling 3,929 shares during the quarter. Forte Capital LLC ADV’s holdings in Molina Healthcare were worth $2,952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Molina Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock worth $900,787,000 after purchasing an additional 13,001 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Molina Healthcare by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock worth $134,405,000 after purchasing an additional 10,030 shares during the last quarter. Swiss National Bank raised its holdings in Molina Healthcare by 0.3% during the 3rd quarter. Swiss National Bank now owns 173,900 shares of the company’s stock worth $59,919,000 after purchasing an additional 500 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Molina Healthcare by 2.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,573 shares of the company’s stock worth $43,533,000 after purchasing an additional 3,238 shares during the last quarter. Finally, KBC Group NV raised its holdings in Molina Healthcare by 14.6% during the 4th quarter. KBC Group NV now owns 125,486 shares of the company’s stock worth $36,522,000 after purchasing an additional 15,993 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Price Performance

Shares of MOH opened at $291.71 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a 50 day simple moving average of $293.60 and a 200 day simple moving average of $314.85. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The firm has a market capitalization of $16.19 billion, a PE ratio of 14.28, a P/E/G ratio of 0.98 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Sell-side analysts predict that Molina Healthcare, Inc. will post 24.37 EPS for the current fiscal year.

Analysts Set New Price Targets

MOH has been the subject of several analyst reports. Truist Financial decreased their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group decreased their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Wells Fargo & Company boosted their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Barclays decreased their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $353.17.

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.