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

Shares of Molina Healthcare, Inc. (NYSE:MOH) have received an average rating of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $365.38.

A number of research analysts recently weighed in on MOH shares. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Mizuho lifted their price objective on Molina Healthcare from $376.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, April 9th. UBS Group dropped their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Guggenheim started coverage on shares of Molina Healthcare in a research report on Wednesday, April 9th. They set a “neutral” rating on the stock. Finally, Stephens reissued an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th.

Molina Healthcare Trading Down 0.9 %

NYSE MOH opened at $316.62 on Wednesday. The company has a market cap of $17.16 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.06 and a beta of 0.63. Molina Healthcare has a 12 month low of $262.32 and a 12 month high of $365.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The company has a 50-day moving average of $323.41 and a 200-day moving average of $307.57.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.96 by $0.12. The firm had revenue of $11.15 billion during the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Molina Healthcare’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.73 earnings per share. As a group, equities analysts predict that Molina Healthcare will post 24.4 earnings per share for the current year.

Insider Buying and Selling at Molina Healthcare

In other news, Director Richard M. Schapiro sold 669 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total transaction of $214,414.50. Following the transaction, the director now owns 11,244 shares of the company’s stock, valued at approximately $3,603,702. This trade represents a 5.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Orlando sold 1,000 shares of the 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 transaction, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,169 shares of company stock worth $28,520,995 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Molina Healthcare

Institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC grew its position in shares of Molina Healthcare by 126.3% during the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock valued at $28,000 after buying an additional 48 shares during the last quarter. Colonial Trust Co SC boosted its stake in Molina Healthcare by 930.0% in the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in shares of Molina Healthcare by 60.7% during the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock valued at $30,000 after purchasing an additional 34 shares during the last quarter. Silver Oak Securities Incorporated bought a new position in shares of Molina Healthcare during the first quarter valued at approximately $34,000. Finally, Versant Capital Management Inc raised its position in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after purchasing an additional 74 shares during the period. Institutional investors own 98.50% of the company’s stock.

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.