LRT Capital Management LLC Acquires New Stake in Molina Healthcare, Inc. (NYSE:MOH)

LRT Capital Management LLC acquired a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,285 shares of the company’s stock, valued at approximately $464,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Molina Healthcare by 18.4% in the 1st quarter. Vanguard Group Inc. now owns 6,449,375 shares of the company’s stock valued at $2,151,448,000 after buying an additional 1,001,372 shares during the period. Wellington Management Group LLP increased its holdings in Molina Healthcare by 8.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock worth $1,113,200,000 after purchasing an additional 259,474 shares during the period. State Street Corp increased its holdings in Molina Healthcare by 25.6% during the 1st quarter. State Street Corp now owns 2,457,008 shares of the company’s stock worth $819,633,000 after purchasing an additional 501,107 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Molina Healthcare by 10.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,374,111 shares of the company’s stock worth $783,979,000 after purchasing an additional 228,221 shares during the period. Finally, FMR LLC increased its holdings in Molina Healthcare by 1.0% during the 3rd quarter. FMR LLC now owns 2,175,796 shares of the company’s stock worth $713,422,000 after purchasing an additional 22,583 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Buying and Selling

In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the transaction, the director now directly owns 11,207 shares in the company, valued at approximately $4,494,567.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the transaction, the director now directly owns 11,207 shares in the company, valued at approximately $4,494,567.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the transaction, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders have sold 16,711 shares of company stock worth $6,472,517 in the last quarter. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

MOH has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a report on Thursday, April 4th. Truist Financial upped their price target on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Wells Fargo & Company dropped their price objective on Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Barclays assumed coverage on Molina Healthcare in a report on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 price objective on the stock. Finally, Bank of America downgraded Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective on the stock. in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $393.09.

Molina Healthcare Stock Performance

NYSE:MOH traded up $6.58 during mid-day trading on Friday, reaching $367.52. 425,243 shares of the stock were exchanged, compared to its average volume of 362,947. The company has a 50 day simple moving average of $394.33 and a 200-day simple moving average of $370.95. The stock has a market capitalization of $21.53 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.03 and a beta of 0.47. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. Molina Healthcare, Inc. has a 1 year low of $266.35 and a 1 year high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.35 billion. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.10 EPS. Analysts anticipate that Molina Healthcare, Inc. will post 23.62 earnings per share for the current fiscal year.

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.