Wall Street Zen upgraded shares of Molina Healthcare (NYSE:MOH – Free Report) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.
Several other research firms also recently weighed in on MOH. Zacks Research upgraded Molina Healthcare from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. JPMorgan Chase & Co. upped their price target on shares of Molina Healthcare from $169.00 to $191.00 and gave the stock a “neutral” rating in a research note on Monday, June 8th. Royal Bank Of Canada reduced their price objective on shares of Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Morgan Stanley lifted their target price on shares of Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Molina Healthcare in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $202.44.
Read Our Latest Report on Molina Healthcare
Molina Healthcare Stock Down 1.3%
Molina Healthcare (NYSE:MOH – Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The company had revenue of $10.87 billion during the quarter, compared to analyst estimates of $10.83 billion. During the same quarter in the previous year, the company posted $5.48 EPS. Molina Healthcare’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts forecast that Molina Healthcare will post 5.29 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Molina Healthcare
Several large investors have recently bought and sold shares of MOH. BlackRock Inc. purchased a new position in shares of Molina Healthcare during the second quarter valued at approximately $1,503,052,000. Wellington Management Group LLP raised its holdings in shares of Molina Healthcare by 11.9% in the second quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company’s stock worth $289,810,000 after buying an additional 135,247 shares during the period. 8 Knots Management LLC bought a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $198,942,000. Dimensional Fund Advisors LP boosted its holdings in Molina Healthcare by 23.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company’s stock valued at $185,929,000 after acquiring an additional 267,121 shares during the period. Finally, Manning & Napier Advisors LLC bought a new position in Molina Healthcare in the 2nd quarter valued at $152,339,000. Institutional investors own 98.50% of the company’s stock.
Molina Healthcare Company Profile
Molina Healthcare, Inc is a managed care company that provides health insurance and related services through government-sponsored programs. Its primary lines of business include Medicaid, Medicare, and Affordable Care Act Marketplace plans, with a focus on serving low-income individuals, families, seniors, and people with complex medical needs.
The company offers health plans that coordinate medical, behavioral health, pharmacy, and other care services through contracted provider networks.
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