JPMorgan Chase & Co. Has $43.49 Million Position in Molina Healthcare, Inc $MOH

JPMorgan Chase & Co. grew its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 39.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,248 shares of the company’s stock after purchasing an additional 64,825 shares during the period. JPMorgan Chase & Co. owned approximately 0.42% of Molina Healthcare worth $43,486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in MOH. AQR Capital Management LLC raised its stake in Molina Healthcare by 217.0% during the 3rd quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company’s stock worth $561,475,000 after buying an additional 2,008,458 shares during the period. Invesco Ltd. grew its stake in Molina Healthcare by 25.9% in the second quarter. Invesco Ltd. now owns 1,601,574 shares of the company’s stock valued at $477,109,000 after acquiring an additional 329,759 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Molina Healthcare by 344.3% during the third quarter. Victory Capital Management Inc. now owns 963,526 shares of the company’s stock valued at $184,380,000 after acquiring an additional 746,639 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Molina Healthcare by 31.0% during the third quarter. Dimensional Fund Advisors LP now owns 938,677 shares of the company’s stock worth $179,632,000 after purchasing an additional 222,346 shares during the period. Finally, Norges Bank acquired a new position in shares of Molina Healthcare during the second quarter worth approximately $212,113,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MOH has been the subject of several research reports. Morgan Stanley reduced their price target on shares of Molina Healthcare from $158.00 to $128.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 4th. Jefferies Financial Group set a $160.00 price objective on shares of Molina Healthcare in a research note on Tuesday, December 16th. UBS Group set a $173.00 target price on shares of Molina Healthcare in a research report on Friday, March 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Molina Healthcare in a report on Thursday, January 22nd. Finally, Truist Financial lowered their price target on Molina Healthcare from $190.00 to $145.00 and set a “hold” rating for the company in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $169.21.

Molina Healthcare Price Performance

MOH opened at $140.02 on Friday. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $359.97. The firm has a 50-day moving average of $159.89 and a 200 day moving average of $165.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $7.29 billion, a P/E ratio of 16.36 and a beta of 0.52.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($2.75) EPS for the quarter, missing the consensus estimate of $0.43 by ($3.18). Molina Healthcare had a return on equity of 13.60% and a net margin of 1.04%.The company had revenue of $11.38 billion during the quarter, compared to the consensus estimate of $10.90 billion. During the same period in the prior year, the firm posted $5.05 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. On average, research analysts expect that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Molina Healthcare Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.