Fore Capital LLC Sells 7,500 Shares of Molina Healthcare, Inc $MOH

Fore Capital LLC reduced its position in shares of Molina Healthcare, Inc (NYSE:MOHFree Report) by 65.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,000 shares of the company’s stock after selling 7,500 shares during the quarter. Molina Healthcare makes up approximately 0.2% of Fore Capital LLC’s holdings, making the stock its 27th biggest holding. Fore Capital LLC’s holdings in Molina Healthcare were worth $694,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baird Financial Group Inc. bought a new position in Molina Healthcare in the 1st quarter worth $210,000. NewEdge Advisors LLC raised its holdings in Molina Healthcare by 33.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,106 shares of the company’s stock worth $364,000 after purchasing an additional 277 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Molina Healthcare by 713.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,651 shares of the company’s stock worth $544,000 after purchasing an additional 1,448 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Molina Healthcare by 19.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,466 shares of the company’s stock worth $82,172,000 after purchasing an additional 40,531 shares in the last quarter. Finally, Woodline Partners LP bought a new position in Molina Healthcare in the 1st quarter worth $1,541,000. 98.50% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Jeff D. Barlow sold 17,811 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $186.12, for a total transaction of $3,314,983.32. Following the sale, the insider directly owned 67,175 shares of the company’s stock, valued at approximately $12,502,611. This represents a 20.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Maurice Hebert sold 600 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $191.55, for a total transaction of $114,930.00. Following the sale, the chief accounting officer directly owned 12,815 shares in the company, valued at $2,454,713.25. This trade represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Molina Healthcare in a report on Tuesday, April 21st. Mizuho decreased their price objective on shares of Molina Healthcare from $220.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. The Goldman Sachs Group decreased their price objective on shares of Molina Healthcare from $167.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Barclays upped their price objective on shares of Molina Healthcare from $161.00 to $199.00 and gave the stock an “underweight” rating in a report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $129.00 target price on shares of Molina Healthcare in a research report on Friday, April 24th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $179.93.

Read Our Latest Stock Report on Molina Healthcare

Molina Healthcare Stock Performance

Shares of MOH stock opened at $192.39 on Friday. Molina Healthcare, Inc has a one year low of $121.06 and a one year high of $311.52. The company’s 50-day moving average is $167.37 and its 200 day moving average is $162.19. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of 56.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.63 and a current ratio of 1.63.

Molina Healthcare (NYSE:MOHGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $1.57 by $0.78. Molina Healthcare had a net margin of 0.42% and a return on equity of 8.76%. The company had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.91 billion. During the same period in the prior year, the firm posted $6.08 EPS. Molina Healthcare’s revenue for the quarter was down 3.1% on a year-over-year basis. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. Sell-side analysts expect that Molina Healthcare, Inc will post 5.23 EPS for the current fiscal year.

Molina Healthcare Company Profile

(Free Report)

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.

See Also

Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare, Inc (NYSE:MOHFree Report).

Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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