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

JPMorgan Chase & Co. trimmed its stake in Molina Healthcare, Inc. (NYSE:MOH – Get Rating) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 261,746 shares of the company’s stock after selling 9,890 shares during the period. JPMorgan Chase & Co. owned about 0.45% of Molina Healthcare worth $86,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in MOH. Vanguard Group Inc. boosted its position in Molina Healthcare by 18.4% in the 1st quarter. Vanguard Group Inc. now owns 6,449,375 shares of the company’s stock valued at $2,151,448,000 after buying an additional 1,001,372 shares during the period. Durable Capital Partners LP bought a new stake in shares of Molina Healthcare in the 1st quarter valued at about $214,363,000. Invesco Ltd. raised its holdings in shares of Molina Healthcare by 151.6% in the 1st quarter. Invesco Ltd. now owns 893,693 shares of the company’s stock valued at $298,128,000 after purchasing an additional 538,493 shares in the last quarter. State Street Corp raised its stake in shares of Molina Healthcare by 25.6% during the 1st quarter. State Street Corp now owns 2,457,008 shares of the company’s stock worth $819,633,000 after acquiring an additional 501,107 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Molina Healthcare by 338.8% during the 4th quarter. First Trust Advisors LP now owns 547,378 shares of the company’s stock worth $180,757,000 after acquiring an additional 422,626 shares in the last quarter. 94.25% of the stock is owned by hedge funds and other institutional investors.

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Molina Healthcare Price Performance

Shares of NYSE MOH opened at $287.00 on Wednesday. The firm has a 50-day simple moving average of $286.08 and a 200-day simple moving average of $297.56. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.10 and a beta of 0.68. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.72. Molina Healthcare, Inc. has a 52 week low of $249.78 and a 52 week high of $374.00.

Molina Healthcare (NYSE:MOH – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The company reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.13 by $0.68. The firm had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.31 billion. Molina Healthcare had a net margin of 2.64% and a return on equity of 36.20%. Molina Healthcare’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $4.90 earnings per share. On average, equities analysts predict that Molina Healthcare, Inc. will post 20.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MOH shares. Credit Suisse Group boosted their price objective on shares of Molina Healthcare from $347.00 to $350.00 in a research note on Friday, April 28th. Cantor Fitzgerald started coverage on shares of Molina Healthcare in a research note on Thursday, April 20th. They set an “overweight” rating and a $354.00 price target on the stock. Stephens restated an “equal weight” rating and set a $375.00 price target on shares of Molina Healthcare in a research note on Thursday, February 9th. Wells Fargo & Company cut their price target on shares of Molina Healthcare from $307.00 to $282.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 21st. Finally, Truist Financial dropped their price objective on shares of Molina Healthcare from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $354.75.

Molina Healthcare Company Profile

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Molina Healthcare, Inc engages in the provision of health care services. It operates through the following segments: Medicaid, Medicare, Marketplace, and Other. The company was founded by C. David Molina in 1980 and is headquartered in Long Beach, CA.

Further Reading

• Get a free copy of the StockNews.com research report on Molina Healthcare (MOH)
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