Bank of New York Mellon Corp Sells 15,654 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Bank of New York Mellon Corp lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 352,188 shares of the company’s stock after selling 15,654 shares during the quarter. Bank of New York Mellon Corp owned 0.62% of Molina Healthcare worth $102,504,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. NFJ Investment Group LLC purchased a new position in Molina Healthcare during the third quarter worth $7,432,000. Ieq Capital LLC lifted its holdings in shares of Molina Healthcare by 762.7% in the 4th quarter. Ieq Capital LLC now owns 21,489 shares of the company’s stock worth $6,254,000 after acquiring an additional 18,998 shares during the last quarter. KBC Group NV boosted its stake in shares of Molina Healthcare by 14.6% during the 4th quarter. KBC Group NV now owns 125,486 shares of the company’s stock worth $36,522,000 after purchasing an additional 15,993 shares during the period. Integrated Investment Consultants LLC bought a new position in Molina Healthcare during the 3rd quarter valued at about $4,716,000. Finally, Citigroup Inc. raised its position in Molina Healthcare by 18.8% in the 3rd quarter. Citigroup Inc. now owns 84,770 shares of the company’s stock worth $29,208,000 after purchasing an additional 13,387 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $301.45 on Friday. The firm has a market cap of $16.73 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.06 and a beta of 0.54. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average is $293.26 and its 200 day moving average is $312.94.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data 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, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MOH shares. Barclays cut their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Stephens reiterated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, UBS Group decreased their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $353.17.

About Molina Healthcare

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.