Molina Healthcare, Inc. (NYSE:MOH - Get Free Report)'s share price gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $317.01, but opened at $287.09. Molina Healthcare shares last traded at $294.10, with a volume of 164,413 shares changing hands.
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%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. UBS Group decreased their price target on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research note on Friday. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Robert W. Baird dropped their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Barclays reduced their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research 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 issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Molina Healthcare has a consensus rating of "Hold" and a consensus target price of $355.67.
View Our Latest Analysis on Molina Healthcare
Institutional Investors Weigh In On Molina Healthcare
Large investors have recently bought and sold shares of the stock. CWM LLC grew its position in shares of Molina Healthcare by 76.2% during the third quarter. CWM LLC now owns 4,001 shares of the company's stock worth $1,379,000 after buying an additional 1,730 shares in the last quarter. UMB Bank n.a. lifted its stake in Molina Healthcare by 96.2% in the third quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after acquiring an additional 101 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Molina Healthcare by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the company's stock worth $172,000 after acquiring an additional 400 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Molina Healthcare by 0.7% in the 3rd quarter. Gateway Investment Advisers LLC now owns 19,798 shares of the company's stock valued at $6,822,000 after purchasing an additional 131 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Molina Healthcare by 85.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,129 shares of the company's stock valued at $1,078,000 after purchasing an additional 1,438 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.
Molina Healthcare Price Performance
The company has a current ratio of 1.62, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. The stock's fifty day moving average price is $298.27 and its two-hundred day moving average price is $318.54. The firm has a market capitalization of $16.37 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54.
Molina Healthcare Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Molina Healthcare, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Molina Healthcare wasn't on the list.
While Molina Healthcare currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
