Molina Healthcare, Inc. (NYSE:MOH) Given Average Rating of “Hold” by Brokerages

Molina Healthcare, Inc. (NYSE:MOH) has earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $378.00.

Several research firms have weighed in on MOH. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Tuesday, October 1st. Jefferies Financial Group reduced their target price on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Stephens restated an “equal weight” rating and issued a $320.00 price target on shares of Molina Healthcare in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft cut their price objective on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. Finally, Truist Financial decreased their target price on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a report on Monday, July 15th.

Insider Buying and Selling

In other news, CAO Maurice Hebert sold 393 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the transaction, the chief accounting officer now owns 9,473 shares in the company, valued at approximately $3,282,583.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the transaction, the director now owns 18,025 shares of the company’s stock, valued at $6,114,260.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Maurice Hebert sold 393 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the sale, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at $3,282,583.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Molina Healthcare

Institutional investors have recently modified their holdings of the business. Creative Planning grew its position in Molina Healthcare by 2.7% during the 3rd quarter. Creative Planning now owns 8,454 shares of the company’s stock worth $2,913,000 after purchasing an additional 226 shares during the last quarter. Oliver Luxxe Assets LLC boosted its stake in shares of Molina Healthcare by 1.3% during the third quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company’s stock worth $1,526,000 after buying an additional 55 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Molina Healthcare by 406.6% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 21,996 shares of the company’s stock worth $7,579,000 after buying an additional 17,654 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Molina Healthcare by 85.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,129 shares of the company’s stock valued at $1,078,000 after acquiring an additional 1,438 shares during the period. Finally, Gateway Investment Advisers LLC raised its stake in Molina Healthcare by 0.7% during the 3rd quarter. Gateway Investment Advisers LLC now owns 19,798 shares of the company’s stock valued at $6,822,000 after acquiring an additional 131 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $330.12 on Friday. The company’s 50 day simple moving average is $342.04 and its 200-day simple moving average is $336.25. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57. Molina Healthcare has a 1 year low of $282.96 and a 1 year high of $423.92. The company has a market capitalization of $19.35 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the previous year, the company earned $5.65 earnings per share. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. As a group, equities research analysts expect that Molina Healthcare will post 23.5 earnings per share for the current year.

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.