Molina Healthcare (NYSE:MOH) Stock Price Down 3.7% – Here’s Why

Molina Healthcare, Inc. (NYSE:MOH) dropped 3.7% during mid-day trading on Tuesday . The company traded as low as $340.45 and last traded at $335.69. Approximately 15,286 shares changed hands during trading, a decline of 98% from the average daily volume of 651,559 shares. The stock had previously closed at $348.57.

Wall Street Analyst Weigh In

MOH has been the topic of several recent analyst reports. Robert W. Baird reissued a “neutral” rating and set a $375.00 target price (up from $331.00) on shares of Molina Healthcare in a research note on Tuesday. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, April 11th. UBS Group decreased their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Truist Financial raised their target price on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Finally, Stephens reissued an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $359.42.

Molina Healthcare Stock Down 0.9 %

The business has a fifty day moving average of $313.00 and a 200 day moving average of $308.38. The company has a market capitalization of $18.19 billion, a PE ratio of 16.28, a PEG 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) last issued its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. Equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insider Buying and Selling

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 stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.26% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of Molina Healthcare by 7.4% during the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock worth $766,111,000 after acquiring an additional 181,073 shares during the period. FMR LLC lifted its stake in Molina Healthcare by 31.1% in the 4th quarter. FMR LLC now owns 1,801,113 shares of the company’s stock valued at $524,214,000 after buying an additional 427,276 shares in the last quarter. Geode Capital Management LLC increased its position in Molina Healthcare by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock worth $417,144,000 after purchasing an additional 34,992 shares in the last quarter. Invesco Ltd. raised 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 valued at $386,229,000 after buying an additional 294,180 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Molina Healthcare by 15.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company’s stock worth $200,307,000 after purchasing an additional 91,229 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

About Molina Healthcare

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.