Chevy Chase Trust Holdings LLC Lowers Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Chevy Chase Trust Holdings LLC lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,016 shares of the company's stock after selling 1,402 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Molina Healthcare worth $8,736,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Waldron Private Wealth LLC raised its position in Molina Healthcare by 4.7% during the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company's stock valued at $212,000 after purchasing an additional 33 shares in the last quarter. WCM Investment Management LLC increased its position in shares of Molina Healthcare by 3.4% during the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company's stock valued at $369,000 after purchasing an additional 36 shares during the last quarter. Metis Global Partners LLC increased its position in shares of Molina Healthcare by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company's stock valued at $960,000 after purchasing an additional 39 shares during the last quarter. Caprock Group LLC raised its holdings in shares of Molina Healthcare by 3.3% during the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company's stock valued at $503,000 after buying an additional 47 shares in the last quarter. Finally, Bank of Hawaii lifted its position in Molina Healthcare by 4.6% in the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company's stock worth $422,000 after buying an additional 54 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Trading Down 2.6 %

NYSE MOH traded down $7.57 during trading on Friday, hitting $283.89. The company had a trading volume of 1,063,437 shares, compared to its average volume of 698,492. The company's fifty day moving average is $293.21 and its 200-day moving average is $314.41. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) 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 predict that Molina Healthcare, Inc. will post 24.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of research reports. Stephens reaffirmed an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. Cantor Fitzgerald restated an "overweight" rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Wells Fargo & Company boosted their target price 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. Finally, Robert W. Baird reduced their price target on 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 investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $353.17.

About Molina Healthcare

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.