Guggenheim Initiates Coverage on Molina Healthcare (NYSE:MOH)

Analysts at Guggenheim started coverage on shares of Molina Healthcare (NYSE:MOH - Get Free Report) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage set a "neutral" rating on the stock.

Several other research analysts have also weighed in on the company. UBS Group dropped 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, February 7th. StockNews.com lowered shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Wells Fargo & Company upgraded shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. Stephens reiterated an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, Barclays decreased their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $355.75.

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Molina Healthcare Price Performance

MOH stock traded up $0.72 on Wednesday, hitting $345.72. 174,362 shares of the company's stock traded hands, compared to its average volume of 652,809. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.06 and a beta of 0.70. Molina Healthcare has a 1-year low of $262.32 and a 1-year high of $373.22. The stock has a fifty day moving average of $310.39 and a 200-day moving average of $307.97.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) 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%. On average, analysts forecast that Molina Healthcare will post 24.4 EPS for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Molina Healthcare

Several institutional investors and hedge funds have recently bought and sold shares of MOH. Tributary Capital Management LLC boosted its position in shares of Molina Healthcare by 76.1% during the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company's stock valued at $1,219,000 after acquiring an additional 1,811 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Molina Healthcare during the fourth quarter valued at approximately $544,000. Smartleaf Asset Management LLC grew its stake in shares of Molina Healthcare by 123.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock valued at $100,000 after purchasing an additional 192 shares during the period. SYM FINANCIAL Corp acquired a new position in shares of Molina Healthcare in the 4th quarter worth approximately $249,000. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Molina Healthcare during the 3rd quarter worth approximately $2,947,000. Institutional investors own 98.50% of the company's stock.

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.