Molina Healthcare (NYSE:MOH) Sets New 1-Year High at $290.00

Shares of Molina Healthcare, Inc. (NYSE:MOH) hit a new 52-week high on Thursday . The company traded as high as $290.00 and last traded at $286.34, with a volume of 715 shares. The stock had previously closed at $275.57.

A number of brokerages recently weighed in on MOH. BMO Capital Markets upped their price objective on Molina Healthcare from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, July 30th. Truist Securities upped their target price on Molina Healthcare from $300.00 to $330.00 and gave the company a “buy” rating in a report on Monday, September 20th. Seaport Global Securities began coverage on Molina Healthcare in a report on Friday, July 9th. They issued a “neutral” rating and a $257.25 target price on the stock. Truist upped their target price on Molina Healthcare from $300.00 to $330.00 and gave the company a “buy” rating in a report on Monday, September 20th. Finally, Cowen began coverage on Molina Healthcare in a report on Thursday, September 9th. They issued an “outperform” rating and a $336.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Molina Healthcare presently has an average rating of “Buy” and an average target price of $287.22.

The company has a 50-day moving average of $268.24 and a two-hundred day moving average of $258.24. The stock has a market capitalization of $16.49 billion, a PE ratio of 25.73, a P/E/G ratio of 1.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.55 and a quick ratio of 1.55.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, July 28th. The company reported $3.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.47 by ($0.07). Molina Healthcare had a return on equity of 28.54% and a net margin of 2.68%. The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.37 billion. On average, research analysts forecast that Molina Healthcare, Inc. will post 13.47 EPS for the current fiscal year.

In related news, Director Ronna Romney sold 300 shares of the firm’s stock in a transaction dated Monday, August 9th. The stock was sold at an average price of $265.16, for a total transaction of $79,548.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dale B. Wolf sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $277.19, for a total value of $692,975.00. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MOH. Profund Advisors LLC grew its position in shares of Molina Healthcare by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 3,914 shares of the company’s stock worth $990,000 after acquiring an additional 44 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in shares of Molina Healthcare by 0.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,727 shares of the company’s stock worth $2,462,000 after acquiring an additional 52 shares in the last quarter. Alamar Capital Management LLC grew its position in shares of Molina Healthcare by 0.6% in the 2nd quarter. Alamar Capital Management LLC now owns 8,368 shares of the company’s stock worth $2,118,000 after acquiring an additional 53 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Molina Healthcare by 2.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,684 shares of the company’s stock worth $679,000 after acquiring an additional 54 shares in the last quarter. Finally, FDx Advisors Inc. grew its position in shares of Molina Healthcare by 3.1% in the 2nd quarter. FDx Advisors Inc. now owns 1,885 shares of the company’s stock worth $477,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 93.65% of the company’s stock.

Molina Healthcare Company Profile (NYSE:MOH)

Molina Healthcare, Inc engages in the provision of health care services. It operates through the Health Plans and Other segments. The Health Plans segment consists of health plans in 11 states and the Commonwealth of Puerto Rico and includes direct delivery business. The Other segment includes the historical results of the MMIS and behavioral health subsidiaries.

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