StockNews.com upgraded shares of Molina Healthcare (NYSE:MOH - Free Report) from a hold rating to a buy rating in a research report report published on Friday.
A number of other research analysts also recently issued reports on the stock. Wells Fargo & Company upgraded shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. Barclays cut their price target on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Stephens reissued an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Guggenheim began coverage on Molina Healthcare in a research note on Wednesday, April 9th. They issued a "neutral" rating for the company. Finally, Mizuho lifted their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 9th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $359.42.
Check Out Our Latest Stock Analysis on Molina Healthcare
Molina Healthcare Price Performance
NYSE:MOH traded up $3.35 during trading hours on Friday, reaching $338.85. The company had a trading volume of 63,758 shares, compared to its average volume of 736,088. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average of $312.03 and a two-hundred day moving average of $308.21. Molina Healthcare has a one year low of $262.32 and a one year high of $370.99. The firm has a market capitalization of $18.53 billion, a PE ratio of 16.59, a PEG ratio of 1.06 and a beta of 0.70.
Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data 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%. Analysts forecast that Molina Healthcare will post 24.4 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Molina Healthcare
Several institutional investors and hedge funds have recently added to or reduced their stakes in MOH. Rothschild Investment LLC lifted its holdings in Molina Healthcare by 126.3% during the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after buying an additional 48 shares during the period. Colonial Trust Co SC raised its holdings in Molina Healthcare by 930.0% during 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 last quarter. Versant Capital Management Inc boosted its stake in shares of 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 purchasing an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Molina Healthcare during the fourth quarter worth $52,000. Finally, Hurley Capital LLC acquired a new position in Molina Healthcare in the fourth quarter valued at $55,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.
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.
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