Molina Healthcare, Inc (NYSE:MOH – Get Free Report)’s share price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $200.62 and traded as high as $206.44. Molina Healthcare shares last traded at $204.88, with a volume of 1,752,804 shares changing hands.
Analyst Ratings Changes
Several research analysts recently issued reports on MOH shares. Mizuho set a $255.00 target price on Molina Healthcare in a research report on Friday, October 23rd. Truist Financial decreased their target price on shares of Molina Healthcare from $250.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Royal Bank Of Canada boosted their price target on shares of Molina Healthcare from $218.00 to $222.00 and gave the stock a “sector perform” rating in a research report on Friday, October 23rd. Zacks Research downgraded shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Finally, TD Cowen boosted their target price on shares of Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $213.88.
Molina Healthcare Trading Up 3.0%
The firm has a fifty day simple moving average of $200.62 and a two-hundred day simple moving average of $184.81. The stock has a market cap of $10.69 billion, a PE ratio of -213.41, a PEG ratio of 12.08 and a beta of 0.78. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.95.
Molina Healthcare (NYSE:MOH – Get Free Report) last released its earnings results on Wednesday, October 21st. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Molina Healthcare had a positive return on equity of 2.50% and a negative net margin of 0.11%. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $10.86 billion. During the same quarter in the previous year, the company posted $1.84 EPS. Molina Healthcare’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, equities analysts expect that Molina Healthcare, Inc will post 5.30 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Molina Healthcare
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its stake in shares of Molina Healthcare by 63.7% during the third quarter. Fortitude Family Office LLC now owns 131 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Physician Wealth Advisors Inc. grew its stake in Molina Healthcare by 1,250.0% during the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in Molina Healthcare by 118.2% in the second quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock valued at $33,000 after acquiring an additional 78 shares during the last quarter. Global Retirement Partners LLC bought a new position in Molina Healthcare during the 2nd quarter worth approximately $39,000. Finally, Versant Capital Management Inc raised its holdings in shares of Molina Healthcare by 341.6% during the second quarter. Versant Capital Management Inc now owns 340 shares of the company’s stock worth $78,000 after acquiring an additional 263 shares during the period. 98.50% of the stock is owned by institutional investors.
About Molina Healthcare
Molina Healthcare, Inc is a managed-care company that provides health insurance and related services primarily through government-sponsored programs. Its offerings include Medicaid, Medicare, Medicare-Medicaid dual-eligible plans and health plans sold through government marketplaces under the Affordable Care Act.
The company’s services generally include medical care coordination, behavioral health support, pharmacy benefits and, depending on the plan and state, dental and vision benefits.
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