Janney Montgomery Scott LLC Sells 1,172 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Janney Montgomery Scott LLC lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 46.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,337 shares of the company's stock after selling 1,172 shares during the quarter. Janney Montgomery Scott LLC's holdings in Molina Healthcare were worth $389,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CWM LLC increased its holdings in Molina Healthcare by 76.2% in the 3rd quarter. CWM LLC now owns 4,001 shares of the company's stock valued at $1,379,000 after buying an additional 1,730 shares during the period. UMB Bank n.a. increased its holdings in Molina Healthcare by 96.2% in the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company's stock valued at $71,000 after buying an additional 101 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Molina Healthcare by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the company's stock valued at $172,000 after buying an additional 400 shares during the period. Exchange Traded Concepts LLC increased its holdings in Molina Healthcare by 85.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,129 shares of the company's stock valued at $1,078,000 after buying an additional 1,438 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in Molina Healthcare by 406.6% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 21,996 shares of the company's stock valued at $7,579,000 after buying an additional 17,654 shares during the period. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Price Performance

NYSE MOH traded up $1.61 on Friday, hitting $272.28. 640,907 shares of the company were exchanged, compared to its average volume of 651,934. The company has a current ratio of 1.62, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92. 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 firm has a 50 day moving average of $295.26 and a two-hundred day moving average of $316.72.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its 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 net margin of 2.90% and a return on equity of 28.13%. On average, equities analysts predict that Molina Healthcare, Inc. will post 24.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Robert W. Baird lowered their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Stephens reaffirmed an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. UBS Group lowered their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. Finally, 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 report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Molina Healthcare has a consensus rating of "Hold" and a consensus price target of $355.67.

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.