StockNews.com downgraded shares of Molina Healthcare (NYSE:MOH - Free Report) from a buy rating to a hold rating in a research report released on Monday morning.
Several other equities analysts have also weighed in on MOH. Truist Financial reduced their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. UBS Group reduced their price objective on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Mizuho decreased their price target on Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Finally, Barclays cut their price objective on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare currently has an average rating of "Hold" and a consensus price target of $355.69.
Check Out Our Latest Research Report on Molina Healthcare
Molina Healthcare Price Performance
Molina Healthcare stock traded down $9.73 during trading hours on Monday, hitting $315.08. 790,527 shares of the company traded hands, compared to its average volume of 771,171. Molina Healthcare has a 1-year low of $262.32 and a 1-year high of $423.92. The firm has a market cap of $17.49 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.06 and a beta of 0.56. The firm's 50-day simple moving average is $296.83 and its two-hundred day simple moving average is $311.18. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.
Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS 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%. As a group, analysts forecast that Molina Healthcare will post 24.4 earnings per share for the current fiscal year.
Insider Buying and Selling at Molina Healthcare
In related news, Director Steven J. Orlando sold 1,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.11% of the company's stock.
Institutional Trading of Molina Healthcare
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Sector Pension Investment Board raised its stake in shares of Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company's stock valued at $871,000 after acquiring an additional 300 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of Molina Healthcare by 76.1% in the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company's stock valued at $1,219,000 after purchasing an additional 1,811 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Molina Healthcare in the fourth quarter worth $544,000. Smartleaf Asset Management LLC lifted its stake in shares of Molina Healthcare by 123.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock worth $100,000 after buying an additional 192 shares during the last quarter. Finally, SYM FINANCIAL Corp bought a new stake in shares of Molina Healthcare during the 4th quarter worth $249,000. Institutional investors and hedge funds own 98.50% of the company's stock.
About Molina Healthcare
(
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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.
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