Molina Healthcare, Inc. (NYSE:MOH - Get Free Report)'s stock price shot up 3.2% during mid-day trading on Wednesday . The company traded as high as $318.88 and last traded at $320.53. 41,145 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 736,212 shares. The stock had previously closed at $310.53.
Analysts Set New Price Targets
A number of research firms recently weighed in on MOH. Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Mizuho cut their price target on Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Barclays decreased their price objective 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, UBS Group reduced their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $348.75.
Get Our Latest Research Report on MOH
Molina Healthcare Price Performance
The company has a 50-day moving average price of $302.98 and a 200-day moving average price of $309.01. The firm has a market capitalization of $17.66 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.
Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results 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, sell-side analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.
Insider Activity at Molina Healthcare
In other news, Director Steven J. Orlando sold 1,000 shares of the firm's stock in a transaction dated 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 owns 17,375 shares of the company's stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Colonial Trust Co SC boosted its stake in Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company's stock worth $30,000 after purchasing an additional 93 shares during the period. True Wealth Design LLC raised its position in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after buying an additional 100 shares during the last quarter. Versant Capital Management Inc lifted its stake in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after acquiring an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new position in Molina Healthcare during the 4th quarter worth approximately $52,000. Finally, Hurley Capital LLC bought a new position in shares of Molina Healthcare during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 98.50% of the company's stock.
About Molina Healthcare
(
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.
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