Molina Healthcare, Inc. (NYSE:MOH) shares hit a new 52-week high and low during mid-day trading on Wednesday . The company traded as low as $97.49 and last traded at $96.58, with a volume of 31254 shares trading hands. The stock had previously closed at $95.28.
A number of analysts have commented on MOH shares. BMO Capital Markets lifted their target price on Molina Healthcare from $85.00 to $94.00 and gave the stock a “market perform” rating in a report on Friday, June 1st. TheStreet raised Molina Healthcare from a “c” rating to a “b-” rating in a report on Monday, May 21st. Morgan Stanley lifted their target price on Molina Healthcare from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, May 1st. Zacks Investment Research raised Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $96.00 target price for the company in a report on Tuesday, April 17th. Finally, Leerink Swann lifted their target price on Molina Healthcare from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $81.62.
The company has a debt-to-equity ratio of 0.98, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $5.60 billion, a P/E ratio of 172.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.17.
Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Monday, April 30th. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.90. Molina Healthcare had a positive return on equity of 20.08% and a negative net margin of 2.46%. The company had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. Molina Healthcare’s revenue was down 5.3% compared to the same quarter last year. equities analysts predict that Molina Healthcare, Inc. will post 4.63 earnings per share for the current fiscal year.
In other Molina Healthcare news, Director Garrey Carruthers sold 2,050 shares of the business’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $86.24, for a total transaction of $176,792.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Orlando sold 1,500 shares of the business’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $82.10, for a total value of $123,150.00. The disclosure for this sale can be found here. Insiders sold 4,400 shares of company stock valued at $369,559 in the last ninety days. 0.65% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. New Mexico Educational Retirement Board bought a new stake in Molina Healthcare during the fourth quarter valued at about $838,000. TCW Group Inc. bought a new stake in Molina Healthcare during the fourth quarter valued at about $30,407,000. WINTON GROUP Ltd bought a new stake in Molina Healthcare during the fourth quarter valued at about $5,639,000. Victory Capital Management Inc. grew its holdings in Molina Healthcare by 17.1% during the first quarter. Victory Capital Management Inc. now owns 1,862,307 shares of the company’s stock valued at $151,182,000 after purchasing an additional 271,898 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Molina Healthcare during the fourth quarter valued at about $2,120,000.
Molina Healthcare Company Profile
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.