JPMorgan Chase & Co. Sells 152,010 Shares of Molina Healthcare, Inc. (NYSE:MOH)

JPMorgan Chase & Co. trimmed its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 32.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 315,114 shares of the company’s stock after selling 152,010 shares during the quarter. JPMorgan Chase & Co. owned 0.55% of Molina Healthcare worth $108,576,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Custom Index Systems LLC lifted its holdings in shares of Molina Healthcare by 5.0% in the second quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock worth $205,000 after buying an additional 33 shares in the last quarter. WCM Investment Management LLC increased its holdings in Molina Healthcare by 3.4% during the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock worth $369,000 after acquiring an additional 36 shares during the period. Metis Global Partners LLC lifted its stake in Molina Healthcare by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock worth $960,000 after purchasing an additional 39 shares in the last quarter. Caprock Group LLC boosted its holdings in Molina Healthcare by 3.3% in the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after purchasing an additional 47 shares during the period. Finally, Bank of Hawaii grew its position in shares of Molina Healthcare by 4.6% during the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock valued at $422,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MOH shares. Wells Fargo & Company lifted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, Robert W. Baird lowered their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $361.91.

Molina Healthcare Stock Up 0.6 %

Shares of Molina Healthcare stock opened at $291.05 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The company’s 50 day moving average price is $305.11 and its 200-day moving average price is $317.91. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company’s revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the firm earned $5.05 EPS. Equities research analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Molina Healthcare Company 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.