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

Hendershot Investments Inc. trimmed its position in Molina Healthcare, Inc. (NYSE:MOH) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

A number of other large investors also recently modified their holdings of the company. Tobam grew its holdings in shares of Molina Healthcare by 58.7% during the 4th quarter. Tobam now owns 2,392 shares of the company’s stock worth $696,000 after purchasing an additional 885 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Molina Healthcare by 2.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,573 shares of the company’s stock valued at $43,533,000 after acquiring an additional 3,238 shares in the last quarter. Choreo LLC boosted its position in Molina Healthcare by 7.7% during the 4th quarter. Choreo LLC now owns 1,115 shares of the company’s stock worth $323,000 after purchasing an additional 80 shares during the period. Tectonic Advisors LLC increased its holdings in Molina Healthcare by 8.8% in the 4th quarter. Tectonic Advisors LLC now owns 1,447 shares of the company’s stock valued at $421,000 after purchasing an additional 117 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Molina Healthcare by 29.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,545 shares of the company’s stock valued at $1,909,000 after purchasing an additional 1,506 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MOH. Barclays decreased their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday. 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 note on Tuesday, December 17th. Wells Fargo & Company upped their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $355.67.

Molina Healthcare Price Performance

MOH opened at $283.92 on Friday. The company has a market capitalization of $16.24 billion, a P/E ratio of 13.90, a PEG ratio of 0.94 and a beta of 0.54. The company has a 50-day moving average of $298.55 and a 200-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. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data 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 net margin of 2.90% and a return on equity of 28.13%. Equities analysts expect that Molina Healthcare, Inc. will post 24.5 EPS 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.