Signaturefd LLC Raises Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Signaturefd LLC grew its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,045 shares of the company’s stock after acquiring an additional 50 shares during the period. Signaturefd LLC’s holdings in Molina Healthcare were worth $378,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Desjardins Global Asset Management Inc. raised its stake in shares of Molina Healthcare by 4.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company’s stock valued at $276,000 after acquiring an additional 32 shares during the period. Ritholtz Wealth Management raised its stake in shares of Molina Healthcare by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock valued at $585,000 after acquiring an additional 33 shares during the period. New York Life Investment Management LLC increased its stake in Molina Healthcare by 0.4% during the 3rd quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock worth $2,785,000 after buying an additional 36 shares during the period. Aptus Capital Advisors LLC increased its stake in Molina Healthcare by 5.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock worth $250,000 after buying an additional 36 shares during the period. Finally, Raleigh Capital Management Inc. increased its stake in Molina Healthcare by 40.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Down 4.1 %

NYSE MOH opened at $352.30 on Friday. Molina Healthcare, Inc. has a one year low of $266.35 and a one year high of $423.92. The company has a 50-day simple moving average of $392.45 and a 200-day simple moving average of $372.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market capitalization of $20.64 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.47.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, beating the consensus estimate of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 30.99%. The business had revenue of $9.93 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. On average, equities analysts forecast that Molina Healthcare, Inc. will post 23.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MOH. Stephens reaffirmed an “equal weight” rating and set a $390.00 price target on shares of Molina Healthcare in a research note on Thursday. Truist Financial lifted their price target on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Wells Fargo & Company dropped their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a 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 $396.09.

Insider Activity

In other news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of the business’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 completion of the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Lowell Keim sold 15,000 shares of the business’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 disclosure for this sale can be found here. In the last three months, 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 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.