Wall Street Zen lowered shares of Molina Healthcare (NYSE:MOH – Free Report) from a hold rating to a sell rating in a research report released on Saturday.
A number of other research analysts have also commented on MOH. TD Cowen upped their target price on Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lifted 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. Mizuho set a $215.00 price target on shares of Molina Healthcare in a report on Monday, June 8th. Sanford C. Bernstein set a $286.00 price target on shares of Molina Healthcare in a report on Monday, July 13th. Finally, Zacks Research cut shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Molina Healthcare has an average rating of “Hold” and an average price target of $202.44.
Molina Healthcare Stock Up 0.6%
Molina Healthcare (NYSE:MOH – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. During the same period in the previous year, the company posted $5.48 earnings per share. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, research analysts anticipate that Molina Healthcare will post 5.29 earnings per share for the current year.
Hedge Funds Weigh In On Molina Healthcare
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 7G Capital Management LLC bought a new stake in Molina Healthcare in the fourth quarter valued at about $1,735,000. BNP Paribas Financial Markets boosted its holdings in Molina Healthcare by 63.0% during the fourth quarter. BNP Paribas Financial Markets now owns 439,371 shares of the company’s stock worth $76,248,000 after buying an additional 169,739 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Molina Healthcare by 394.1% during the second quarter. Assenagon Asset Management S.A. now owns 156,632 shares of the company’s stock worth $35,822,000 after buying an additional 124,929 shares during the last quarter. Aurora Investment Managers LLC. acquired a new position in shares of Molina Healthcare during the 1st quarter worth about $2,349,000. Finally, Easterly Investment Partners LLC grew its position in shares of Molina Healthcare by 227.8% during the 4th quarter. Easterly Investment Partners LLC now owns 38,082 shares of the company’s stock worth $6,609,000 after buying an additional 26,464 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.
About Molina Healthcare
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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