JPMorgan Chase & Co. Acquires 64,825 Shares of Molina Healthcare, Inc $MOH

JPMorgan Chase & Co. increased its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 39.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 227,248 shares of the company’s stock after purchasing an additional 64,825 shares during the period. JPMorgan Chase & Co. owned approximately 0.42% of Molina Healthcare worth $43,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its position in shares of Molina Healthcare by 2,140.0% in the second quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 107 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Molina Healthcare during the 2nd quarter valued at $45,000. MUFG Securities EMEA plc acquired a new position in Molina Healthcare during the 2nd quarter valued at $48,000. Zions Bancorporation National Association UT boosted its holdings in Molina Healthcare by 121.8% in the 2nd quarter. Zions Bancorporation National Association UT now owns 193 shares of the company’s stock valued at $57,000 after purchasing an additional 106 shares during the period. Finally, Bogart Wealth LLC acquired a new stake in Molina Healthcare in the 3rd quarter worth $39,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of NYSE:MOH opened at $146.16 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.69 and a quick ratio of 1.69. The business’s fifty day moving average price is $168.04 and its two-hundred day moving average price is $168.63. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $359.97. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 17.07 and a beta of 0.49.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Thursday, February 5th. The company reported ($2.75) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($3.18). The firm had revenue of $11.38 billion during the quarter, compared to analyst estimates of $10.90 billion. Molina Healthcare had a net margin of 1.04% and a return on equity of 13.60%. Molina Healthcare’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $5.05 earnings per share. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. As a group, analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MOH has been the subject of a number of research analyst reports. Truist Financial cut their price objective on shares of Molina Healthcare from $190.00 to $145.00 and set a “hold” rating for the company in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft set a $109.00 price target on Molina Healthcare in a report on Tuesday, February 10th. Wells Fargo & Company set a $141.00 price objective on Molina Healthcare and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Sanford C. Bernstein restated an “outperform” rating and set a $224.00 price objective on shares of Molina Healthcare in a research report on Tuesday, January 6th. Finally, Barclays cut their target price on Molina Healthcare from $164.00 to $133.00 and set an “underweight” rating for the company in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $157.86.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.