Chevy Chase Trust Holdings LLC Has $8.74 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

Chevy Chase Trust Holdings LLC lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,016 shares of the company’s stock after selling 1,402 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Molina Healthcare worth $8,736,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MOH. Summit Trail Advisors LLC acquired a new position in shares of Molina Healthcare during the fourth quarter worth approximately $452,000. Wingate Wealth Advisors Inc. acquired a new position in Molina Healthcare during the 4th quarter valued at $52,000. Savant Capital LLC bought a new stake in Molina Healthcare in the 4th quarter valued at $225,000. Entropy Technologies LP grew its position in Molina Healthcare by 58.1% in the 4th quarter. Entropy Technologies LP now owns 4,594 shares of the company’s stock worth $1,337,000 after purchasing an additional 1,688 shares during the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of Molina Healthcare by 53.8% during the 4th quarter. Empirical Finance LLC now owns 4,632 shares of the company’s stock worth $1,348,000 after purchasing an additional 1,621 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MOH. Barclays cut their price target on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. 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 report on Tuesday, December 17th. Wells Fargo & Company boosted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Finally, Stephens reissued an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $355.67.

Molina Healthcare Price Performance

Shares of MOH stock opened at $272.28 on Tuesday. The company has a market cap of $15.57 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.94 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The business has a fifty day simple moving average of $294.57 and a 200 day simple moving average of $315.79.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, sell-side analysts forecast that Molina Healthcare, Inc. will post 24.5 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.