JPMorgan Chase & Co. Reduces Position in Molina Healthcare, Inc. (NYSE:MOH)

JPMorgan Chase & Co. decreased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 64.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,222 shares of the company’s stock after selling 201,892 shares during the period. JPMorgan Chase & Co. owned 0.20% of Molina Healthcare worth $32,953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MOH. Tributary Capital Management LLC raised its holdings in Molina Healthcare by 76.1% during the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock valued at $1,219,000 after acquiring an additional 1,811 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Molina Healthcare during the 4th quarter valued at $544,000. Smartleaf Asset Management LLC lifted its holdings in Molina Healthcare by 123.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock worth $100,000 after purchasing an additional 192 shares in the last quarter. SYM FINANCIAL Corp bought a new position in Molina Healthcare in the 4th quarter worth about $249,000. Finally, Oddo BHF Asset Management Sas purchased a new position in Molina Healthcare during the 3rd quarter valued at about $2,947,000. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MOH. Stephens reissued an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. Barclays lowered their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Mizuho dropped their price objective on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Finally, Truist Financial decreased their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $348.75.

Molina Healthcare Stock Performance

NYSE:MOH opened at $340.14 on Tuesday. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $383.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The business has a 50 day moving average of $307.33 and a 200 day moving average of $308.02. The company has a market capitalization of $18.61 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, sell-side analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insider Activity

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.