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

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

Several other research firms have also recently commented on MOH. Truist Financial dropped their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Stephens reaffirmed an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Barclays lowered their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, UBS Group lowered their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare presently has an average rating of “Hold” and an average price target of $355.69.

Molina Healthcare Trading Down 3.0 %

Shares of MOH opened at $315.08 on Monday. The stock has a market capitalization of $17.49 billion, a P/E ratio of 15.42, a PEG ratio of 1.06 and a beta of 0.56. 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 firm has a fifty day simple moving average of $296.83 and a two-hundred day simple moving average of $311.18. Molina Healthcare has a twelve month low of $262.32 and a twelve month high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 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, research analysts anticipate that Molina Healthcare will post 24.4 EPS for the current year.

Insider Activity

In related 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 completion of the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % 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. 1.11% of the stock is owned by corporate insiders.

Institutional Trading of Molina Healthcare

Several large investors have recently added to or reduced their stakes in MOH. Norges Bank bought a new stake in Molina Healthcare during the fourth quarter valued at approximately $134,675,000. FMR LLC boosted its position in shares of Molina Healthcare by 31.1% in the fourth quarter. FMR LLC now owns 1,801,113 shares of the company’s stock worth $524,214,000 after purchasing an additional 427,276 shares during the period. Voloridge Investment Management LLC boosted its position 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 purchasing an additional 386,273 shares during the period. Invesco Ltd. boosted its position in shares of Molina Healthcare by 28.5% in the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock worth $386,229,000 after purchasing an additional 294,180 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Molina Healthcare by 7.4% in the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock worth $766,111,000 after purchasing an additional 181,073 shares during the period. 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.