Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $272.40 and last traded at $272.66, with a volume of 925828 shares changing hands. The stock had previously closed at $286.42.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Truist Financial decreased their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a "buy" rating for the company in a report on Monday, January 6th. StockNews.com lowered shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 8th. Robert W. Baird reduced their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Wells Fargo & Company boosted 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. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $355.67.
Get Our Latest Analysis on MOH
Molina Healthcare Stock Performance
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 stock has a market cap of $15.57 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. The firm's 50 day moving average is $295.26 and its 200 day moving average is $316.49.
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 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%. Analysts anticipate that Molina Healthcare, Inc. will post 24.5 EPS for the current year.
Institutional Trading of Molina Healthcare
Large investors have recently bought and sold shares of the stock. True Wealth Design LLC grew its position in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company's stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc grew its position in Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after purchasing an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Molina Healthcare during the 4th quarter worth approximately $52,000. Capital Performance Advisors LLP purchased a new stake in Molina Healthcare during the 3rd quarter worth approximately $62,000. Finally, Hurley Capital LLC purchased a new stake in Molina Healthcare during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors 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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