Hendershot Investments Inc. Decreases Stake in Molina Healthcare, Inc. (NYSE:MOH)

Hendershot Investments Inc. lessened its stake in Molina Healthcare, Inc. (NYSE:MOH) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,904 shares of the company’s stock after selling 1,318 shares during the quarter. Hendershot Investments Inc.’s holdings in Molina Healthcare were worth $7,539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MOH. Marshall Wace LLP acquired a new stake in shares of Molina Healthcare during the 2nd quarter valued at approximately $416,000. Algert Global LLC purchased a new position in Molina Healthcare in the 2nd quarter valued at approximately $211,000. Sanctuary Advisors LLC acquired a new position in Molina Healthcare during the second quarter worth $1,077,000. Czech National Bank boosted its position in Molina Healthcare by 6.9% during the third quarter. Czech National Bank now owns 11,937 shares of the company’s stock worth $4,113,000 after purchasing an additional 771 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Molina Healthcare by 59.2% in the third quarter. GAMMA Investing LLC now owns 543 shares of the company’s stock valued at $187,000 after purchasing an additional 202 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Stephens restated an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a report on Thursday. Wells Fargo & Company upped their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. reissued 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. Finally, Barclays cut their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and a consensus price target of $355.67.

Molina Healthcare Trading Down 0.4 %

Shares of MOH opened at $283.92 on Friday. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The stock has a fifty day moving average of $298.55 and a two-hundred day moving average of $318.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.62. The company has a market capitalization of $16.24 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, analysts forecast that Molina Healthcare, Inc. will post 24.5 EPS for the current year.

Molina Healthcare Company 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.