JPMorgan Chase & Co. cut its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 32.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 315,114 shares of the company's stock after selling 152,010 shares during the period. JPMorgan Chase & Co. owned approximately 0.55% of Molina Healthcare worth $108,576,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of MOH. True Wealth Design LLC boosted its position in Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after buying an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Molina Healthcare in the 2nd quarter valued at $40,000. Capital Performance Advisors LLP acquired a new stake in shares of Molina Healthcare in the third quarter worth $62,000. UMB Bank n.a. raised its holdings in shares of Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after purchasing an additional 101 shares during the last quarter. Finally, AM Squared Ltd lifted its position in Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company's stock valued at $103,000 after purchasing an additional 100 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.
Molina Healthcare Price Performance
NYSE MOH traded down $3.81 on Thursday, hitting $287.24. The company had a trading volume of 341,927 shares, compared to its average volume of 551,728. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The company has a market capitalization of $16.43 billion, a PE ratio of 14.59, a PEG ratio of 1.04 and a beta of 0.54. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92. The company's fifty day moving average price is $304.39 and its 200-day moving average price is $317.70.
Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter in the prior year, the firm earned $5.05 EPS. The company's revenue for the quarter was up 21.0% on a year-over-year basis. As a group, analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Wells Fargo & Company lifted their price target on Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, Barclays lifted their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Molina Healthcare has a consensus rating of "Hold" and an average price target of $361.91.
View Our Latest Report on Molina Healthcare
Molina Healthcare Company Profile
(
Free Report)
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.
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