Chevy Chase Trust Holdings LLC Sells 1,402 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Chevy Chase Trust Holdings LLC reduced its stake in Molina Healthcare, Inc. (NYSE:MOH) by 4.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 30,016 shares of the company’s stock after selling 1,402 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Molina Healthcare were worth $8,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Public Sector Pension Investment Board increased its holdings in shares of Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after buying an additional 300 shares during the last quarter. Tributary Capital Management LLC increased its stake in Molina Healthcare by 76.1% in the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock valued at $1,219,000 after acquiring an additional 1,811 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Molina Healthcare during the fourth quarter valued at about $544,000. SYM FINANCIAL Corp bought a new stake in Molina Healthcare during the fourth quarter worth about $249,000. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Molina Healthcare in the 3rd quarter worth about $2,947,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Trading Up 0.6 %

MOH opened at $272.28 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. The firm 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 stock has a 50-day moving average of $294.57 and a 200 day moving average of $315.79. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 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%. As a group, research analysts forecast that Molina Healthcare, Inc. will post 24.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on MOH. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Truist Financial lowered their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Barclays lowered their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Finally, Stephens restated an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company 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.