Molina Healthcare (NYSE:MOH) Shares Gap Down - Time to Sell?

Shares of Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $291.46, but opened at $282.57. Molina Healthcare shares last traded at $287.29, with a volume of 105,154 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Truist Financial cut their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. UBS Group decreased their price target 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. Barclays dropped their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $353.17.

Molina Healthcare Price Performance

The business's 50-day simple moving average is $293.21 and its two-hundred day simple moving average is $314.10. 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 firm has a market cap of $16.17 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.06 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings results 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%. As a group, research analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MOH. Creative Planning grew its holdings in Molina Healthcare by 2.7% during the third quarter. Creative Planning now owns 8,454 shares of the company's stock worth $2,913,000 after buying an additional 226 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Molina Healthcare by 84.9% in the 3rd quarter. Blue Trust Inc. now owns 479 shares of the company's stock worth $165,000 after buying an additional 220 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Molina Healthcare by 59.9% in the 3rd quarter. Raymond James & Associates now owns 42,298 shares of the company's stock worth $14,574,000 after purchasing an additional 15,840 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Molina Healthcare by 11.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,195 shares of the company's stock valued at $412,000 after purchasing an additional 124 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in Molina Healthcare during the third quarter valued at $215,000. 98.50% of the stock is owned by institutional investors.

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.