Molina Healthcare (NYSE:MOH)‘s stock had its “hold” rating reiterated by analysts at Raymond James Financial in a research note issued on Friday.
MOH has been the subject of several other reports. Jefferies Group increased their price objective on Molina Healthcare from $64.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Wolfe Research upgraded Molina Healthcare from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Morgan Stanley raised their target price on Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, November 3rd. Finally, ValuEngine lowered Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $64.30.
Molina Healthcare (NYSE MOH) traded up $0.96 during trading hours on Friday, reaching $75.42. The company had a trading volume of 447,696 shares, compared to its average volume of 1,259,724. Molina Healthcare has a 12-month low of $42.56 and a 12-month high of $80.74. The firm has a market capitalization of $4,290.00, a P/E ratio of 23.07 and a beta of 0.97. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Thursday, November 2nd. The company reported ($1.62) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($1.85). The firm had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.95 billion. Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. equities analysts predict that Molina Healthcare will post -3.88 earnings per share for the current year.
In related news, Director Garrey Carruthers sold 1,300 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $75.66, for a total value of $98,358.00. Following the completion of the sale, the director now directly owns 7,016 shares in the company, valued at approximately $530,830.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Mario Md Molina sold 15,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $78.52, for a total value of $1,177,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 407,523 shares of company stock worth $28,505,592 in the last ninety days. Insiders own 6.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of MOH. LS Investment Advisors LLC raised its holdings in shares of Molina Healthcare by 40.9% during the 2nd quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock worth $127,000 after buying an additional 531 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Molina Healthcare by 2.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,660 shares of the company’s stock worth $392,000 after buying an additional 150 shares in the last quarter. Aperio Group LLC increased its holdings in Molina Healthcare by 28.0% in the 2nd quarter. Aperio Group LLC now owns 19,602 shares of the company’s stock worth $1,356,000 after purchasing an additional 4,282 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Molina Healthcare by 165.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 144,211 shares of the company’s stock worth $9,976,000 after purchasing an additional 89,870 shares in the last quarter. Finally, Texas Permanent School Fund increased its holdings in Molina Healthcare by 1.3% in the 2nd quarter. Texas Permanent School Fund now owns 31,214 shares of the company’s stock worth $2,159,000 after purchasing an additional 398 shares in the last quarter. 96.23% of the stock is owned by institutional investors.
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About Molina Healthcare
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
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