Molina Healthcare (NYSE:MOH) Reaches New 52-Week Low - What's Next?

Molina Healthcare, Inc. (NYSE:MOH - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $282.45 and last traded at $282.86, with a volume of 374071 shares traded. The stock had previously closed at $286.60.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MOH. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday. Jefferies Financial Group lowered their price target on shares of Molina Healthcare from $354.00 to $297.00 and set a "hold" rating for the company in a research report on Wednesday, July 24th. TD Cowen lowered their price target on shares of Molina Healthcare from $412.00 to $351.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. Truist Financial lowered their price target on shares of Molina Healthcare from $440.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, July 15th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $320.00 target price on shares of Molina Healthcare in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $378.00.

Molina Healthcare Price Performance

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49. The firm's fifty day moving average price is $337.46 and its two-hundred day moving average price is $330.91. The stock has a market capitalization of $16.64 billion, a PE ratio of 15.41, a PEG ratio of 1.15 and a beta of 0.58.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.13. The company had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The firm's quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business posted $5.65 earnings per share. On average, equities analysts predict that Molina Healthcare, Inc. will post 23.5 earnings per share for the current year.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the sale, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the sale, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Maurice Hebert sold 393 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the transaction, the chief accounting officer now owns 9,473 shares of the company's stock, valued at approximately $3,282,583.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Molina Healthcare

A number of hedge funds have recently modified their holdings of the company. Capital International Investors boosted its position in shares of Molina Healthcare by 0.9% in the first quarter. Capital International Investors now owns 1,665,801 shares of the company's stock worth $684,361,000 after purchasing an additional 15,264 shares during the period. Renaissance Technologies LLC boosted its position in shares of Molina Healthcare by 13.3% during the second quarter. Renaissance Technologies LLC now owns 949,691 shares of the company's stock worth $282,343,000 after acquiring an additional 111,154 shares during the last quarter. Boston Partners boosted its position in shares of Molina Healthcare by 14.8% during the first quarter. Boston Partners now owns 798,950 shares of the company's stock worth $328,101,000 after acquiring an additional 103,245 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Molina Healthcare by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company's stock worth $140,026,000 after acquiring an additional 84,929 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Molina Healthcare by 36.2% during the second quarter. AQR Capital Management LLC now owns 463,537 shares of the company's stock worth $137,810,000 after acquiring an additional 123,121 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

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.