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

Janney Montgomery Scott LLC reduced its stake in Molina Healthcare, Inc. (NYSE:MOH) by 46.7% during the fourth quarter, Holdings Channel.com reports. The fund 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 quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC raised its position in shares of Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Versant Capital Management Inc grew its holdings in Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares during the period. Capital Performance Advisors LLP acquired a new stake in Molina Healthcare during the third quarter valued at $62,000. UMB Bank n.a. raised its position in shares of Molina Healthcare by 96.2% during the 3rd 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 boosted its stake in Molina Healthcare by 50.0% during the 3rd quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after purchasing an additional 100 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on MOH shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Wells Fargo & Company boosted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. UBS Group reduced their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, Barclays reduced their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $355.67.

Molina Healthcare Stock Up 0.8 %

MOH opened at $286.20 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.55. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The stock has a market capitalization of $16.37 billion, a P/E ratio of 14.01, a P/E/G ratio of 0.94 and a beta of 0.54. The business has a 50 day simple moving average of $297.96 and a 200-day simple moving average of $318.27.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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 anticipate that Molina Healthcare, Inc. will post 24.5 earnings per share for the current fiscal year.

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.