Royal Bank Of Canada upgraded shares of Molina Healthcare (NYSE:MOH – Free Report) to a hold rating in a research report released on Tuesday,Zacks.com reports.
Other equities research analysts also recently issued research reports about the company. UBS Group lifted their target price on Molina Healthcare from $180.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Bank of America raised Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Wednesday, April 29th. Wall Street Zen raised shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Robert W. Baird increased their target price on shares of Molina Healthcare from $124.00 to $163.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Truist Financial boosted their price target on shares of Molina Healthcare from $180.00 to $205.00 and gave the company a “hold” rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $184.81.
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Molina Healthcare Stock Performance
Molina Healthcare (NYSE:MOH – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $1.57 by $0.78. Molina Healthcare had a net margin of 0.42% and a return on equity of 8.76%. The firm had revenue of $10.80 billion for the quarter, compared to analyst estimates of $10.91 billion. During the same quarter in the previous year, the company earned $6.08 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. On average, analysts expect that Molina Healthcare will post 5.23 EPS for the current year.
Insider Transactions at Molina Healthcare
In related news, CAO Maurice Hebert sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $191.55, for a total value of $114,930.00. Following the sale, the chief accounting officer owned 12,815 shares of the company’s stock, valued at $2,454,713.25. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeff D. Barlow sold 17,811 shares of Molina Healthcare stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $186.12, for a total transaction of $3,314,983.32. Following the completion of the transaction, the insider owned 67,175 shares of the company’s stock, valued at $12,502,611. This represents a 20.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.44% of the stock is owned by company insiders.
Institutional Trading of Molina Healthcare
A number of hedge funds and other institutional investors have recently bought and sold shares of MOH. Torren Management LLC purchased a new position in shares of Molina Healthcare in the 4th quarter valued at about $26,000. Miller Global Investments LLC acquired a new position in Molina Healthcare in the fourth quarter valued at approximately $27,000. Physician Wealth Advisors Inc. increased its stake in Molina Healthcare by 1,250.0% in the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Cromwell Holdings LLC increased its stake in Molina Healthcare by 211.9% in the fourth quarter. Cromwell Holdings LLC now owns 184 shares of the company’s stock valued at $32,000 after purchasing an additional 125 shares during the last quarter. Finally, Quarry LP acquired a new stake in Molina Healthcare during the fourth quarter worth approximately $32,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Molina Healthcare Company Profile
Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.
The company traces its roots to the early 1980s, when Dr.
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