Custom Index Systems LLC Invests $341,000 in Molina Healthcare, Inc. (NYSE:MOH)

Custom Index Systems LLC acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 943 shares of the company’s stock, valued at approximately $341,000.

Several other hedge funds have also recently added to or reduced their stakes in MOH. Ritholtz Wealth Management lifted its holdings in shares of Molina Healthcare by 2.1% during the fourth quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock worth $585,000 after buying an additional 33 shares during the last quarter. Captrust Financial Advisors grew its position in Molina Healthcare by 0.5% in the 2nd quarter. Captrust Financial Advisors now owns 6,315 shares of the company’s stock worth $1,766,000 after purchasing an additional 33 shares during the last quarter. New York Life Investment Management LLC increased its holdings in shares of 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 purchasing an additional 36 shares during the period. Aptus Capital Advisors LLC raised its position in shares of Molina Healthcare by 5.0% during the third quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock valued at $250,000 after buying an additional 36 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Molina Healthcare by 40.4% in the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock valued at $41,000 after buying an additional 36 shares during the period. Institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Truist Financial upped their price target on Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Wells Fargo & Company lifted their price target on shares of Molina Healthcare from $420.00 to $440.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 20th. UBS Group boosted their price target on shares of Molina Healthcare from $350.00 to $380.00 and gave the company a “neutral” rating in a report on Thursday, December 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, April 4th. Finally, StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $395.82.

Insider Transactions at Molina Healthcare

In related news, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the transaction, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the sale, the chief financial officer now owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard M. Schapiro sold 711 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the transaction, the director now owns 12,207 shares of the company’s stock, valued at approximately $4,688,220.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,711 shares of company stock worth $6,472,517. Insiders own 1.11% of the company’s stock.

Molina Healthcare Price Performance

NYSE:MOH opened at $377.13 on Thursday. The firm has a market cap of $22.09 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.07 and a beta of 0.47. The company’s 50-day moving average price is $394.13 and its two-hundred day moving average price is $369.63. 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 12 month low of $266.35 and a 12 month high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The business had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the previous year, the business earned $4.10 EPS. Molina Healthcare’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts anticipate that Molina Healthcare, Inc. will post 23.62 EPS 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.