StockNews.com Downgrades Molina Healthcare (NYSE:MOH) to Hold

StockNews.com lowered shares of Molina Healthcare (NYSE:MOH - Free Report) from a buy rating to a hold rating in a report issued on Thursday.

MOH has been the topic of a number of other research reports. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Mizuho dropped their target price on shares of Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. UBS Group decreased their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Finally, Truist Financial cut their target price on Molina Healthcare from $370.00 to $340.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $348.75.

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Molina Healthcare Stock Performance

NYSE MOH traded down $6.57 during trading on Thursday, reaching $340.14. The company's stock had a trading volume of 908,362 shares, compared to its average volume of 643,723. The firm has a 50 day moving average price of $307.33 and a 200 day moving average price of $308.02. Molina Healthcare has a 12 month low of $262.32 and a 12 month high of $383.58. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly 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 net margin of 2.90% and a return on equity of 28.13%. As a group, equities analysts anticipate that Molina Healthcare will post 24.4 EPS for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now directly owns 17,375 shares of the company's stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Molina Healthcare

Several large investors have recently modified their holdings of the business. GAMMA Investing LLC raised its position in Molina Healthcare by 74,593.7% during the 1st quarter. GAMMA Investing LLC now owns 667,015 shares of the company's stock worth $219,708,000 after purchasing an additional 666,122 shares during the last quarter. Norges Bank acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at about $134,675,000. FMR LLC raised its position in shares of Molina Healthcare by 31.1% during the fourth quarter. FMR LLC now owns 1,801,113 shares of the company's stock worth $524,214,000 after acquiring an additional 427,276 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in shares of Molina Healthcare by 1,641.3% in the fourth quarter. Voloridge Investment Management LLC now owns 409,807 shares of the company's stock worth $119,274,000 after acquiring an additional 386,273 shares during the period. Finally, Invesco Ltd. boosted its holdings in Molina Healthcare by 28.5% in the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock valued at $386,229,000 after acquiring an additional 294,180 shares during the last quarter. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Company Profile

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.